October 24, 2019 13:05

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Nearly VND50,000 billion spent on importing cars

13:49 | 20/09/2019

VCN – Despite declining in July compared to previous months, car imports in September still reached a high level.

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spending nearly vnd 50000 billion on importing cars
Market share of two main types of cars among the country’s total car imports at the end of August 2019. Chart: T. Binh

According to the General Department of Customs, in August, the country imported 9,412 CBU cars with a total turnover of nearly US$209 million.

Accumulated from the beginning of the year to the end of August, the country spent US$2,136 billion (nearly VND50,000 billion dong), on importing 95,929 CBU cars, rising by 128.8 percent in volume and 109 percent in turnover over the same period in 2018.

Of the total number of imported CBU cars in the first 8 months of the year, those with fewer than nine seat cars reached 71,054 units, worth US$1,377 billion, accounting for 74 percent in volume and nearly 64.5 percent in turnover of the country’s total car imports at the same time.

In addition, trucks also occupied a good market share with 21,509 units valued at US$529.3 million.

Regarding the market, according to the latest reports from the General Department of Customs, Thailand remains in leading position.

In August, Vietnam imported 4,266 CBU cars from Thailand. Accumulated from the beginning of the year, the imported car volume was 56,792 units worth US$1.1 billion.

Thus, Thailand accounted for more than 50 percent of the country's car import volume and turnover.

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In addition to Thailand, Indonesia was also an important export market to Vietnam with an export volume of 28,169 units and total turnover of nearly US$394 million.

By Thai Binh/ Huyen Trang