Hanoi (VNA), Feb. 23 -- The Vietnamese automobile market witnessed a significant sales decline in the first month of 2024, yet businesses and experts forecast that the market may see a breakthrough in the second half of the year.

The Vietnam Automobile Manufacturers' Association (VAMA) announced on January 22 that the total sales by its members reached 19,243 units in the month, down 50% month-on-month.

The number of domestically assembled vehicles sold was 9,783, down 59%, while that of imported completely built units (CBUs) also decreased by 36% compared to the previous month, reaching 9,460.

In addition to the above-mentioned situation, the market also sees the presence of many foreign manufacturers such as Audi, Jaguar Land Rover, ...