Car imports drop 50 percent in ten months

(VOV) -Vietnam imported 22,000 CBU (Completely Built Unit) automobiles worth US$498 million in the past ten months, down 45 percent in quantity and 55 percent in value against the same period last year.

According to the General Statistics Office (GSO), the country imported 2,000 CBU units worth US$50 million in October alone.

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The GSO also reported 30,000 CBU motorbikes valued at US$57 million were imported, 49 percent fewer units and 31 percent less value than in the same period of 2011.

However, the import of components and other means of transport rose sharply, recording a total value of US$1.2 billion, an increase of 19 percent over last year.