Excluding tax, the average price of a car imported from China is VND1 billion/unit

VCN - The average value of CBU cars imported from China is nearly VND1 billion/unit (excluding tax), which is the highest price among the top three leading markets.
Sketch by T.Bình
Sketch by T.Bình

According to the General Department of Vietnam Customs, in June 2022, the number of CBU cars of all kinds imported to Vietnam was 12,901 units, decreasing by 7.2% compared to the previous month.

Generally, in the first six months of the year, the number of imported CBU cars of all kinds is 63,731 units, a decrease of 21.4%, corresponding to a decrease of 17,352 units over the same period last year.

CBU cars of all kinds imported to Vietnam are mainly cars with 9 seats or less with 49,050 units, declining by 9.3%, corresponding to a decrease of 5,004 units.

Followed by trucks with 8,988 units, reducing by 53%, equaling to a decrease of 10,138 units; other cars were 5,586 units, down 27.9%, corresponding to a decrease of 2,161 units over the same period in 2021. In particular, for cars with over 9 seats, Vietnam only imported 107 units in six months.

In terms of the market, CBU cars of all kinds imported to Vietnam mainly originate from Thailand, Indonesia and China.

Accordingly, imports from Thailand were 27,427 units, with a turnover of US$553 million, decreasing by 32.2% in volume, reducing by about 27% in turnover compared to the same period in 2021.

Imports from Indonesia is 20,284 units with a turnover is US$285.53 million, reducing by 12.1% in volume, only slightly declining by US$1.5 million in turnover compared to the same period in 2021.

Imports from China is 10,892 units with a turnover of US$443.4 million, decreasing by nearly 5% in volume, but increasing in turnover by 4.4% compared to the same period last year.

Regarding the average value of the three major markets, cars imported from China have the highest price of US$40,710 (about VND950 million/unit) excluding tax. While from Thailand is US$20,163/unit; from Indonesia is US$14,077/unit.

CBU cars imported from China are mainly trucks and specialized vehicles, so the average value is higher than the other two markets in Southeast Asia (with the main line of cars with 9 seats or less).

By Thái Bình/Thanh Thuy

Related News

Spending over US$2 billion to import nearly 100 thousand cars

Spending over US$2 billion to import nearly 100 thousand cars

VCN - The number of imported complete cars in the first half of August remained high, according to the latest preliminary statistics from the General Department of Vietnam Customs.
Customs revenue in Quarter 1 decreases by 3% year-on-year

Customs revenue in Quarter 1 decreases by 3% year-on-year

VCN - The total import and export value of the country in the first quarter of 2024 rose 18.2% year-on-year to US$145.59 billion. However, state budget revenue in the first quarter (as of March 15) of the entire Customs sector decreased by 3% year-on-year.
Use outdated vehicles or off-load vehicles to transport illegal sugar

Use outdated vehicles or off-load vehicles to transport illegal sugar

VCN - Use outdated trucks, coaches, off-load vehicles, etc to transport sugar. Although the tricks of the subjects are not new, they have caused many difficulties for the functional forces on duty at the border of Quang Tri province.
Stopping 14 trucks illegally carry 50 tons of sugar

Stopping 14 trucks illegally carry 50 tons of sugar

VCN - Quang Tri Police has just discovered 15 trucks carrying goods without invoices or documents proving origin. Among these are 14 trucks carrying 50 tons in sugar.

Latest News

Many factors affecting tuna exports in the last months of the year

Many factors affecting tuna exports in the last months of the year

VCN - Tensions between Israel and Iran escalate, tuna businesses are worried, they may have to stop export orders to the Israeli market in the last months of the year.
Vietnam still dominates Philippine rice import

Vietnam still dominates Philippine rice import

Vietnam continues to assert its dominance as the top rice exporter to the Philippines, with 2.91 million tonnes shipped as of the late October, or over 79% of the Philippines' total rice imports, according to the Vietnam Trade Office in the Philippines.
Vietnam cements ties with partners to engage in global semiconductor, AI industries

Vietnam cements ties with partners to engage in global semiconductor, AI industries

By boosting cooperation with reputable partners across the globe, Vietnam is taking steps to gain a foothold in the world’s semiconductor and artificial intelligence (AI) industries.
Aquatic exports expected to rise in year-end despite challenges

Aquatic exports expected to rise in year-end despite challenges

Aquatic exports is expected to surge in the remaining months of this year, as the year-end festive season comes, despite many challenges in the international markets, according to insiders.

More News

Trade Defense: The Key to Success for Vietnamese Businesses

Trade Defense: The Key to Success for Vietnamese Businesses

VCN - From losses and near bankruptcy, many domestic enterprises have recovered thanks to timely application of trade defense measures. Trade defense is also an effective shield for Vietnamese enterprises against a series of lawsuits from importing countries, thereby maintaining advantages and developing on "away grounds".
Lao Cai Customs sees a triple-digit surge in export-import turnover

Lao Cai Customs sees a triple-digit surge in export-import turnover

VCN - Updated from the beginning of the year to October 24, total import and export turnover through Lao Cai Customs Department increased by 102%.
Coconut is expected to become a billion-dollar export item

Coconut is expected to become a billion-dollar export item

VCN - Talking to the press at the ceremony to launch the first train carrying fresh coconuts to China, Mr. Luu Van Phi, Director of the Department of Industry and Trade of Tien Giang province, said that Vietnam's agricultural export potential, especially fresh coconuts, is expanding with the appearance of international railway transportation from Song Than station.
Plastic exporters interested in converting to recycling technology

Plastic exporters interested in converting to recycling technology

VCN - The Vietnamese plastics industry is facing major challenges in terms of plastic waste and recycling needs. Secretary General of the Vietnam Plastics Association Huynh Thi My (pictured) shared important information about the transformation in production of plastics enterprises to meet increasing export demands.
Logistics sector must embrace innovative trends to stay competitive

Logistics sector must embrace innovative trends to stay competitive

The Vietnamese logistics industry must adapt to new trends and enhance infrastructure to remain globally competitive, speakers said at an event in Ho Chi Minh City on October 31.
Vietnam’s agro-forestry-aquatic product exports likely to set new record

Vietnam’s agro-forestry-aquatic product exports likely to set new record

Vietnam’s agro-forestry-aquatic product exports are likely to achieve a record high of 62 billion USD in 2024, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.
UKVFTA greatly benefits Vietnam-UK trade: Experts

UKVFTA greatly benefits Vietnam-UK trade: Experts

The UK-Vietnam Free Trade Agreement (UKVFTA), signed into law three years ago, has clearly benefited trade cooperation between the two countries, particularly in the context of Vietnam’s exports to most other major markets declining due to geopolitical tensions and headwinds in the global economy, said experts at a conference in Hanoi on October 30.
Agricultural exports likely to exceed 60 billion USD amid challenges

Agricultural exports likely to exceed 60 billion USD amid challenges

With swift production recovery and continued growth, Vietnam's agricultural sector could potentially surpass the 60 billion USD export target, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnam-Philippines trade likely to exceed 8 billion USD for first time

Vietnam-Philippines trade likely to exceed 8 billion USD for first time

With the current rising trend, trade between Vietnam and the Philippines is likely to exceed 8 billion USD for the first time to hit about 8.5 billion USD in 2024, with Vietnam’s surplus of more than 3 billion USD, according to the Vietnamese Trade Office in the Philippines.
Read More

Your care

Latest Most read
Many factors affecting tuna exports in the last months of the year

Many factors affecting tuna exports in the last months of the year

VCN - In recent years, Israel has always been Vietnam's leading tuna export market after the US and the EU. Therefore, the recent escalation of Israel-Iran tensions is affecting Vietnam's tuna exports to this market.
Vietnam still dominates Philippine rice import

Vietnam still dominates Philippine rice import

Vietnam continues to assert its dominance as the top rice exporter to the Philippines, with 2.91 million tonnes shipped as of the late October, or over 79% of the Philippines' total rice imports, according to the Vietnam Trade Office in the Philippines.
Vietnam cements ties with partners to engage in global semiconductor, AI industries

Vietnam cements ties with partners to engage in global semiconductor, AI industries

By boosting cooperation with reputable partners across the globe, Vietnam is taking steps to gain a foothold in the world’s semiconductor and artificial intelligence (AI) industries.
Aquatic exports expected to rise in year-end despite challenges

Aquatic exports expected to rise in year-end despite challenges

Aquatic exports is expected to surge in the remaining months of this year, as the year-end festive season comes, despite many challenges in the international markets, according to insiders.
Trade Defense: The Key to Success for Vietnamese Businesses

Trade Defense: The Key to Success for Vietnamese Businesses

VCN - From losses and near bankruptcy, many domestic enterprises have recovered thanks to timely application of trade defense measures. Trade defense is also an effective shield for Vietnamese enterprises against a series of lawsuits from importing countr
Mobile Version