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Vietnam spends US$60 million importing cars last week
Ngoc Mai 13:35, 2018/09/04
From August 24 to 30, Thailand and Indonesia exported 2,188 and 716 units to the Vietnam`s market, respectively, accounting for 94% of total cars imported to Vietnam.
Vietnam imported 3,089 cars worth US$59.27 million from August 24 to 30, more than double the amount of 1,116 cars worth US$26.66 million imported in the previous week, according to the General Department of Vietnam Customs (GDVC). 
 
Illustrative photo.
Illustrative photo.
During the period, Thailand and Indonesia exported 2,188 and 716 units to the Vietnam's market, respectively, accounting for 94% of total cars imported to Vietnam. 

Cars with less than nine seats made up the largest proportion with 2,129  units worth US$37.5 million, contributing 69% of the total imported volume, of which, 1,275 units were from Thailand or 60% of the total, followed by Indonesia with 726 units, Japan 60 and the remaining from Germany and the UK, among others. 

This resulted in a unit price of VND400 million (US$17,600) for each imported car, lower than the reported price of VND430 - 450 million (US$18,430 - 19,294) apiece in previous weeks. 

Meanwhile, 31 cars with over nine seats were imported in Vietnam from August 24 - 30 worth US$961,000.

Vietnam also imported 929 trucks and specialized cars, of which, 95% or 882 units were from Thailand, accounting for 30% of the total imported volume during the period. 

Customs statistics also showed that US$46.5 million worth of cars' accessories and parts were imported to Vietnam last week, down 35% week-on-week from the US$71.9 million recorded in the previous week. 

Suppliers of those products in subject to Vietnam were mainly from South Korea with US$15.9 million, China US$7.4 million, Japan over US$6 million, Thailand US$4.8 million, India US$4.5 million and Germany US$2.9 million. 

Overall, cars' accessories and parts from these six countries accounted for 89% of total imported value from those products in the week. 
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