More than 110,000 CBU cars imported in nine months

VCN - In September, the number of imported CBU cars decreased, but in general, the figure for the first nine months was still high compared to the same period in 2020.
HCM City witnesses trade deficit of more than $18 billion of goods HCM City witnesses trade deficit of more than $18 billion of goods
Vietnam imported over 10,000 CBU cars in August Vietnam imported over 10,000 CBU cars in August
Registration fee for battery-powered cars may be 50% of petrol and diesel cars Registration fee for battery-powered cars may be 50% of petrol and diesel cars
Quantity structure of cars imports from three major markets compared to the remaining markets. Chart: T.Binh
Quantity structure of cars imports from three major markets compared to the remaining markets. Chart: T.Binh

According to the General Department of Viet Nam Customs on October 12, the whole country imported 8,669 CBU cars of all kinds, with a turnover of approximately US$197 million, down 14.8% compared to August and down 11.4% in turnover.

Generally, in nine months, the whole country imported 114,377 CBU cars, with a turnover of US$2.55 billion, up 71.5% in volume and 71.3% in turnover over the same period last year.

In which, the two most popular vehicle lines are less than 9-seater cars and trucks.

In nine months, 78,282 under 9-seater cars were imported to Vietnam with a turnover of US$1.42 billion; while trucks reached 25,913 units with a turnover of US$624 million.

By the end of September, Thailand still holds the number one position among Vietnam's import markets with 57,294 units, with a turnover of US$1.066 billion.

Second place is Indonesia with 33,967 vehicles with a turnover of US$425.7 million and third is the Chinese market with 14,597 vehicles with a turnover of US$546 million.

In three main markets, Thailand and Indonesia mainly focus on under 9-seater cars, while China dominates the truck segment.

Therefore, the average value of imported cars from China is higher than that of the two Southeast Asian markets.

Incentives for development of auto industry Incentives for development of auto industry

VCN - To encourage domestic car production, the State has offered many preferential policies, notably policies on ...

Specifically, the average car imported from China is about US$37,400/car (excluding tax). While Thailand reached about US$18,600/car; Indonesia reached more than US$12,500/car.

By Thai Binh/Dieu Huong

Related News

Latest News

More efforts needed to maintain export growth to China: Insiders

More efforts needed to maintain export growth to China: Insiders

Exporters should further strengthen trade connections and improve the quality of their goods to sustain export growth to China as this is no longer a "lenient" market, said insiders.
It is expected that there are higher orders and revenue in the second quarter from European businesses

It is expected that there are higher orders and revenue in the second quarter from European businesses

VCN - The Business Confidence Index (BCI) according to a survey by the European Business Association in Vietnam (EuroCham) reached 52.8 in the first quarter of 2024 - the highest level since 2022, showing increasing confidence in Vietnam's European business community.
Vietnamese rice prices on the hike

Vietnamese rice prices on the hike

The prices of Vietnamese paddy and rice continued to increase last week, according to the the Vietnam Food Association (VFA).
FDI flow into garment and textile sector bounces back

FDI flow into garment and textile sector bounces back

The flow of foreign direct investment (FDI) into the Vietnamese garment and textile sector has rebounded thanks to the country’s sound investment climate and abundant workforce as well as its open economy, according to insiders.

More News

Investors play a key role in developing the industrial park system

Investors play a key role in developing the industrial park system

VCN - Dr. Phan Huu Thang, Chairman of the Executive Committee of the Vietnam Industrial Park Finance Association, former Director of the Foreign Investment Department (Ministry of Planning and Investment), said that basically, developing an industrial park successfully or not mainly depends on businesses, entrepreneurs - industrial park investors.
Find ways to a corporation for businesses in industrial parks

Find ways to a corporation for businesses in industrial parks

VCN - The country has nearly 300 industrial parks in operation, but with the requirement to join the global value chain, the issue of linkage and connection between businesses in industrial parks and industrial clusters needs to be concentrated on more.
Export turnover of two agricultural product groups grows three-digit

Export turnover of two agricultural product groups grows three-digit

VCN – In March, the export turnover of agricultural product groups grows three-digit compared with the previous month.
Early warnings reduce risks in trade defense

Early warnings reduce risks in trade defense

VCN - In the first months of 2024, export turnover of goods grew strongly, continuing the recovery momentum from the end of 2023. Along with that, the risk of trade defense investigations also escalated
Rubber exports are flourishing, promising potential

Rubber exports are flourishing, promising potential

VCN - Rubber exports reached 414.31 thousand tons in the first quarter of 2024, worth US$607.35 million, increasing 8.5% in volume and 14.3% in value compared to the same period in 2023.
Vietnam becomes biggest rice supplier for Singapore

Vietnam becomes biggest rice supplier for Singapore

Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore by shipping 36.15 million SGD (26.55 million USD) worth of rice in the first three months of this year, an increase of 80.46% over the same period in 2023, winning 32.03% of the market share, according to the Vietnam Trade Office in Singapore.
Vietnam an attractive destination for electronics, semiconductor investors: Official

Vietnam an attractive destination for electronics, semiconductor investors: Official

Vietnam has strong infrastructure and research and development incentives as well as a skilled workforce, making it an attractive for “eagles” worldwide in the electronics and semiconductor industry, according to Deputy Minister of Planning and Investment Tran Duy Dong.
Wood exports started well

Wood exports started well

VCN - After a year of missing the growth target, the year of 2024 exporting wood and wood products has had a good start, but there are still many potential risks.
Take advantage of e-commerce leverage for export

Take advantage of e-commerce leverage for export

VCN - Exporting via e-commerce is gradually becoming popular and becoming a trend that many businesses are interested in.
Read More

Your care

Latest Most read
More efforts needed to maintain export growth to China: Insiders

More efforts needed to maintain export growth to China: Insiders

Exporters should further strengthen trade connections and improve the quality of their goods to sustain export growth to China as this is no longer a "lenient" market, said insiders.
It is expected that there are higher orders and revenue in the second quarter from European businesses

It is expected that there are higher orders and revenue in the second quarter from European businesses

VCN - The Business Confidence Index (BCI) according to a survey by the European Business Association in Vietnam (EuroCham) reached 52.8 in the first quarter of 2024 - the highest level since 2022, showing increasing confidence in Vietnam's European busine
Vietnamese rice prices on the hike

Vietnamese rice prices on the hike

The prices of Vietnamese paddy and rice continued to increase last week, according to the the Vietnam Food Association (VFA).
FDI flow into garment and textile sector bounces back

FDI flow into garment and textile sector bounces back

The flow of foreign direct investment (FDI) into the Vietnamese garment and textile sector has rebounded thanks to the country’s sound investment climate and abundant workforce as well as its open economy, according to insiders.
Investors play a key role in developing the industrial park system

Investors play a key role in developing the industrial park system

VCN - Dr. Phan Huu Thang, Chairman of the Executive Committee of the Vietnam Industrial Park Finance Association, former Director of the Foreign Investment Department (Ministry of Planning and Investment), said that basically, developing an industrial par
Mobile Version