Vietnam spends US$2 billion on car imports in seven months

Friday, August 13, 2021  08:24

VOV.VN - Vietnam imported 95,525 completely built-up (CBU) vehicles valued at US$2.13 billion during the opening seven months of the year, according to the General Department of Vietnam Customs. 

This information represents a surge of 111% in volume and 107% in value compared to the same period from last year.

July alone saw the country import 14,407 CBU cars of all kinds worth approximately US$291 million.

Thailand, Indonesia, and China made up the top suppliers of imported cars to Vietnam, with the total volume reaching 1,000 units.

Thailand alone led the way with 7,008 cars worth roughly US$132.8 million, raising the total number of its cars imported into Vietnam over seven months to 47,493 valued at US$890.7 million.

Vietnam also imported CBU vehicles from other markets, including Japan, the Republic of Korea, the United States, and Germany.

Meanwhile, CBU imported cars from China had an average price of US$37,263 a unit, double that of Thailand and triple that of Indonesia.

This increase in the price of vehicles from the Chinese market can largely be attributed to the fact that vehicles imported from the neighboring country are specialized cars and trucks, while Thailand and Indonesia primarily focus on passenger cars and pickup trucks.