Vietnam sees car import up 44% y/y in October
Cars from Thailand and Indonesia accounted for 93% of total cars imported to Vietnam over the last week.
Vietnam imported 12,400 cars as of November, up 43.5% from the 7,000 cars imported in the same period last year, according to the General Department of Vietnam Customs (GDVC).
Illustrative photo.
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Under-nine-seat cars made up the largest proportion from November 23 to November 29 with 1,969 units worth US$41 million, contributing 52.8% of the total imported volume, followed by trucks with 1,616 units worth US$34 million, while the remaining were other types of motorized vehicles.
Customs statistics also showed that US$58.5 million worth of car accessories and parts were imported to Vietnam over the last week, down 11.9% week-on-week. Suppliers of those products were mainly from South Korea with US$16.5 million, Japan US$11.9 million, Thailand US$8.1 million, China US$6.5 million, Germany US$5 million, and Indonesia US$3.9 million.
Overall, accessories and parts from these six countries accounted for 88.6% of total imported value in the week.
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