After Tet, many people in the central province of Danang have been selling off their cars because they can no longer afford them in these difficult economic times.

Cars for sale on the streets of Danang  

All along some of the local streets of Danang, cars are queued up on the pavement and on road-beds, waiting for customers. Trucks are also displayed for sale on Danang streets these days.

Playing the role of a customer, the reporter called the seller of one of these cars. The seller said the price is VND500 million (USD23,800), adding that the car was owned by him for many years, but due to some financial difficulties, he decided to sell it.

Many other others also complained that they had to sell their cars to pay debts.

Another said he had bought his car three years ago, when he opened a company. In the first years he could afford to pay for the fuel and a driver, but over the past year the company has suffered from losses and petrol prices have gone up. He could not afford the fees for the car, so decided to sell it to pay debts.

Not only streets in Danang, but also on National Highway 1A from Danang to Quang Nam Province, have many cars on display.

VND55 million car for sale on National Highway 1A

A customer named Nguyen Van Quang said, “Amid the economic downturn, if you have money, it's easy for you to buy used cars. It's easier than buying safe vegetables in Vietnam.”

Nguyen Minh T., a second-had car broker, said the number of cars with prices ranging between VND50 million (USD2,380) and VND700 million (USD33,330) have gone up. The buying procedures are very simple and quick. Despite a large number of cars offered for sale, the number of buyers is very modest.