Report

Analyst Pin-board: Vietnam automobile sales are expected to keep growing in Q4 2022

  • According to VAMA, automobile sales reached 33,463 vehicles (+8.5% MoM; +147% YoY) in Sept-2022. The month-over-month growth, despite inflation hike, proves strong demand of private vehicles as well as development of logistic activities. These are positive signals for sales growth of automotive & spare parts companies.   
  • We predict that Vietnam automobile sales will keep growing in Q4 2022, fueled by various new models coming to markets. The global chip shortage problems is easing since Jun-2022, supporting global car producers to enhance their supply in Q4 2022. Consequently, Vietnam car distributors is expected to show strong sales growth in Q4 2022. 
  • However we think that sales might be negatively affected in 2H2023 as a result of the European energy shortages during the spring of 2023. The potential energy crunch risk might reduce global car supply, leading Vietnam  distributors to struggle with low inventory in 2H2023

 

Provider
Viet Dragon Securities
Viet Dragon Securities

Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.

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Analysts
An Nguyen

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