Spending over US$2 billion to import nearly 100,000 cars

VCN - The number of imported CBU cars in the first half of August remained high, according to the latest preliminary statistics from the General Department of Customs.
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From case of illegally importing three cars in Hai Phong: What are conditions for doing business of car import? From case of illegally importing three cars in Hai Phong: What are conditions for doing business of car import?
Car import markets from the beginning of the year to the end of July 2024. Chart: T.Binh.
Car import markets from the beginning of the year to the end of July 2024. Chart: T.Binh.

Specifically, during the August 1-15 period, the whole country imported 6,195 cars worth US$114.66 million. Of which, the largest number were cars with 9 seats or fewer with 5,509 worth US$89.2 million.

Thus, from the beginning of the year to August 15, the whole country imported 97,767 CBU cars, worth more than US$2 billion.

Compared to the same period last year, the number of imported cars rose by 16.2% or 13,619 cars, while the turnover rose by 1.6%.

In terms of markets, the top 3 names are: Indonesia, Thailand and China.

Of which, Indonesia leads in the number of imported cars with 38,040 cars, worth US$557.3 million (updated according to the market until July 2024).

Meanwhile, Thailand ranks second in quantity with 32,717 cars, while the turnover leads with US$628.6 million.

China ranks third in quantity of 17,235 cars but second in turnover of US$521.65 million.

The 3 leading markets alone account for 96% or 87,992 cars of the total imported cars of the country in the same period last year.

By Thai Binh/ Huyen Trang

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