This is a record low level of car consumption in at least the past 5 years in the Vietnamese market.

Competition in the tire manufacturing industry in Vietnam is becoming increasingly fierce due to the participation of foreign enterprises.

Statistics from the Vietnam Automobile Manufacturers Association (VAMA) show that car sales in the first 10 months of 2023 decreased by 29%

Accordingly, Vietnam will transfer to the World Bank 10.3 million tonnes, at a price of $5 per tonne, and 95 percent of this amount

Green and cleaner transport initiatives are being promoted in Vietnam, with more top brands hoping to offer the future of electric vehicles.