Vietnam Customs reported that Indonesia made up the largest exporter of cars to the Vietnamese market, delivering 6,888 vehicles worth US$97.5 million, double compared to the previous month.

This was followed by Thailand with 6,722 vehicles valued at US$125 million, while China contributed 2,919 cars costing US$101 million.

These figures show that the import of Chinese cars seems to have slowed down due to lower consumption than expected. Meanwhile, the number of imported cars from Indonesia and Thailand increased as they enjoy zero import tax and have competitive prices in the Vietnamese market.

In addition, car models from these two countries are popular among Vietnamese consumers, resulting in a general increase of shopping demand following the lunar New Year holiday.

Over the past two months, Vietnam has imported a total of 24,832 CBU cars with a value of US$538 million.

Indonesia dominated the import market with 9,509 vehicles worth US$135 million, followed by Thailand and China with 8,353 and 5,449 vehicles valued at US$157.4 million and US$171.1 million, respectively.

April sees drop in automobile imports

VOV.VN - Vietnam spent approximately US$244 million on importing 12,500 completely-built automobiles (CBUs) throughout April, down 21.2% in volume and 26.1% in value compared to March, according to the General Department of Vietnam Customs.