Honda Motor Co. is upbeat about its automobile sales in Vietnam after resuming imports that had been suspended following the country's introduction of nontariff barriers this year aimed at encouraging domestic production.
Honda Vietnam Co., its manufacturing and sales arm in the Southeast Asian country, saw a 98 percent year-on-year increase in car sales in the January-August period to 15,220 units, which already topped the annual total of 12,134 vehicles sold in all of 2017, industry data showed.
Toshio Kuwahara, general director of the car and motorcycle business unit, said that the local arm restarted car imports from Thailand in March, with sales boosted mainly by the fully remodeled CR-V sport utility vehicle that launched in Vietnam last November.