Imported automobiles show a declining trend in early December

Imported cars arriving at Hai Phong port area. Photo: T.Bình.

From December 1 to 15, Vietnam imported 5,914 CBU vehicles of various types, with a total import value nearing US$156 million

The most dominant category was passenger cars with up to 9 seats, accounting for 4,680 units and a total value of approximately US$91 million. This segment represented 79.1% of the total import volume and 58.33% of the total import value during the period​

However, the data reveals a notable downward trend in vehicle imports. Compared to the latter half of November 2024, the number of imported automobiles plummeted by 23.5%, equivalent to a decrease of 1,812 vehicles​

Despite the recent dip, cumulative imports for the year up to December 15 show a significant surge. Vietnam imported a total of 166,638 CBU vehicles, valued at US$3.47 billion, marking a 45.22% increase in volume compared to the same period in 2023. This rise equates to an additional 52,000 vehicles​

Vietnam’s automobile imports continue to be heavily sourced from Asian markets, with Indonesia, Thailand, and China emerging as the top suppliers​

Accordingly, Indonesia leads the pack with 65,043 vehicles (as of November 2024), contributing US$954 million in import value​; Thailand follows closely with 60,145 vehicles and a higher import value of US$1.17 billion; China ranks third, supplying 28,379 vehicles worth US$824 million​