The year of 2019 was a difficult period for Vietnam’s auto market, but also marked positive performances of most local car producers.

In January, Vietnam imported nearly 4,000 cars worth US$106 million, up 14% month-on-month in volume but down nearly 49% in value.

The majority of imported cars in Vietnam in April came from Thailand and Indonesia.

The decision, set to valid until the end of 2020, would help customers save thousands of dollars.

A reduction of 50% of the registration fee for domestic cars and the removal of import tariff for car parts not available domestically would help boost the domestic car market.