Vietnam imported 81,600 cars worth over US$1.8 billion in 2018, down nearly 16% in quantity and 20% in value year-on-year, according to the General Department of Vietnam Customs (GDVC).
Illustrative photo.
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Thailand and Indonesia continued to be Vietnam’s main car import markets in 2018, with 72,780 cars worth US$1.3 billion, largely because the automobile import tariff slips to 0% under the effect of the ASEAN trade in Goods Agreement (ATIGA), which came into effect in the beginning of 2018.
Under-nine-seat cars made up the largest proportion with over 48,000 units from Thailand and Indonesia, accounting for 90% of total imported cars, and the average unit price amounted to VND500 million (US$21,250), excluding taxes.
In 2018, Japanese cars remained Vietnamese customers’ favorite in spite of the high price at VND1 billion (US$43,000) on average, while over 1,500 Chinese cars were imported to Vietnam worth US$47 million.
In the first 15 days of January, Vietnam imported 6,400 cars worth US$158 million, of which 4,300 were passenger cars worth US$96 million, while trucks were 1,820 and over-nine-seat cars 90.
Vietnam also imported accessories and parts worth US$221.7 million during the period.
