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BMW finds Vietnam best Southeast Asian market now and in future
GERMAN high-end carmaker BMW said its car sales in Vietnam are expanding at the fastest pace among markets in Southeast Asia as the nation's economic growth spurs demand, Bloomberg reports.
Car sales in the country will rise 30 per cent to 40 per cent through 2017, said BMW Asia managing direction Axel Pannes, who is in charge of 13 Asian markets.
BMW said it sold 1,500 cars last year in Vietnam, which it entered in 1993 and has been its top growth market in Southeast Asia in recent years.
"It's always depending on the political situation that's quite volatile in some of the markets, but at the moment I'm very positive about Vietnam," said Mr Pannes.
Car sales in the country will rise 30 per cent to 40 per cent through 2017, said BMW Asia managing direction Axel Pannes, who is in charge of 13 Asian markets.
BMW said it sold 1,500 cars last year in Vietnam, which it entered in 1993 and has been its top growth market in Southeast Asia in recent years.
"It's always depending on the political situation that's quite volatile in some of the markets, but at the moment I'm very positive about Vietnam," said Mr Pannes.
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