Vietnam imported 60,000 cars in April, a decrease of 50.6% compared with the previous month, according to the General Department of Customs.
Vietnam imported 109,000 cars in the first nine months of this year, a year-on-year increase of 167.8 percent, reported the General Department of Vietnam Customs.
Some experts and government units have voiced concern over the future growth prospects of the local automobile sector due to the upsurge in car imports from foreign markets in recent months.
Vietnam imported around 9,000 completely built up cars in August, down from the average of 12,500 in the previous seven months.
January-July car imports increased 366 percent to 88,000 units, recovering from last year’s plunge caused by a tightening policy.
Vietnam imported a total of 75,437 assembled cars in the first six months of 2019, six times more than in the same period last year, according to the General Department of Vietnam Customs.
Vietnam’s leading auto firm Thaco wants the government to strictly inspect zero tariff application on cars imported from ASEAN.
The General Statistics Office of Vietnam (GSO) estimated that imports of completely built-up cars in April will likely jump in both volume and value compared to the previous month.
After the Ministry of Transport’s approval of the vehicle type approval (VTA) certification issued by the Thai and Indonesian governments, a new barrier is being formed to tighten the flow of car imports from ASEAN countries.
Car imports to Vietnam have dropped sharply in anticipation of Decree 116 which sets strict regulations for locally assembled automobile businesses as well as importers.
Vietnamese businesses spent some US$200 million importing 7,000 completely built-up units (CBUs) in November, according to an estimate of the General Statistics Office (GSO).
The number of cars imported from India and Indonesia into Vietnam increased sharply in the first three months of this year, while car imports from the UK and Germany fell considerably.
Car importers are anxiously awaiting a new rule from the Ministry of Transport.
Vietnam spent US$195 million on importing about 12,000 completely built-up cars in May, an increase of 33 percent in quantity compared to April and 12 percent against the same period last year.
Vietnamese auto businesses imported about 5,000 completely built-up unit (CBU) cars, worth US$131 million, in February, 1,000 cars less than the previous month, the General Statistic Office (GSO) said.
The domestic automobile market witnessed a boom in 2015 with a series of records, but concerns still exist as manufacturers worry they cannot compete with imports after import tariffs are cut. And customers fear the prices will fall as a result of tax policies.
(VOV) - Vietnam spent US$208 million on importing 9,504 completely built-up (CBU) cars in July, an increase of 56% in quantity and 51% in value compared to the same month last year, according to the General Department of Vietnam Customs.
(VOV) - Vietnam imported 5,455 complete built units (CBU) for the first half of May valued at roughly US$184 million, according to the General Department of Vietnam Customs.
Vietnam spent US$133 million on importing 5,493 completely built-up (CBU) cars last month, an increase of 86% in quantity and 160% in value compared in the same month last year, according to the General Statistics Office.
Members of the Vietnam Automobile Manufacturer Association (VAMA) have enjoyed steady sales growth in the 17-month period ending in August, but this is not good news for local car assemblers.