Friday, 16 Nov 2018
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ECONOMYTRADE - SERVICE

Vietnam sees imported cars up 58% y/y in October

Updated at Monday, 05 Nov 2018, 14:15
The Hanoitimes - As of October 2018, Vietnam has imported 14,261 cars worth over US$295 million. Cars from Thailand and Indonesia accounted for 75% of total cars imported to Vietnam.
Vietnam imported 14,261 cars worth over US$295 million as of October, up 58% in quantity and 54% in value from the 6,000 cars and US$135 million imported in the same period last year, according to the General Department of Vietnam Customs (GDVC).
 
Illustrative photo.
Illustrative photo.
Under-nine-seat cars made up the largest proportion with 8,875 units, contributing 62.2% of the total imported volume, followed by trucks with 4,850 units, accounting for 34%, while the remaining were over-nine-seat cars and other types of motorized vehicles. 
In October, cars bought  from Thailand and Indonesia accounted for 75% of total cars imported to Vietnam, reaching 8,605 units or 45% from Thailand, and 4,296 units or 30% from Indonesia. Vietnam also imported cars from others markets such as China, Japan, the US, Germany, among others. 
Customs statistics also showed that US$342.8 million worth of car accessories and parts were imported to Vietnam so far this year. Suppliers of those products were mainly from Japan with US$80.8 million, accounting for 24% of the total value, South Korea US$73.9 million or 22%, Thailand US$61.5 million or 18%. 
Vietnam imported 3,188 cars worth US$68.4 million from October 26 to November 2, down 0.8% in quantity but up 6.5% in value from the amount of 3,214 cars worth US$64.2 million imported in the previous week. 
During the period, Thailand and Indonesia shipped 1,743 and 1,287 units to Vietnam, respectively, cars bought from these two markets made up 95% of total cars imported to Vietnam. 
Vietnam also imported accessories and parts worth US$72 million last week, up 8% week-on-week,  mainly from Japan with US$18 million, South Korea with US$15 million, Thailand with US$12.8 million, China with US$10.4 million, Indonesia with US$5.3 million, and India with US$3.4 million. 
Overall, accessories and parts from these six countries accounted for 90% of total imported value  in the week.
Ngoc Mai
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