Import of automobiles in April declines
Some 8,000 complete built-up units worth US$182 million were imported to Vietnam in April, declining 20 percent compared with the same period last year.
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This information was revealed in an estimation report by the General Statistics Office (GSO).
A reduction in the import of vehicles from India, mainly the Hyundai Grand i10, may be the reason for the decrease, notwithstanding the strong growth in imports from Thailand, with pick-up models, such as Ford Ranger, Mazda BT-50 and Toyota Hilux, zooming into Vietnam.
Vietnam's special consumption tax on vehicles with high-engine displacement will officially increase from July 1 and could be the reason for the robust imports from Thailand.
The import of vehicles from China has come to a standstill following Vietnam tightening control on overloaded trucks, which were blamed for damaging roads and threatening the safety of other travellers.
In the first four months of this year, some 28,000 complete built-up units were imported to Vietnam, worth a total of US$669 million, reducing by 20.4% and 23.5%, respectively, compared with the same period last year.
