September 27, 2020 08:00

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Vietnam imports large quantities of cars from Thailand

19:41 | 10/08/2020

The nation imported a total of 4,000 completely built unit (CBU) automobiles with a value of US$104 million during July, with the majority coming from Thailand, representing an increase of 6.3% from June, according to statistics compiled by the General Department of Vietnam Customs.

vietnam imports large quantities of cars from thailand
The majority of cars of all kinds which registered for import customs procedures in June came from just three markets Thailand, China, and Indonesia.

As such, the number of imported cars from these major markets accounted for 87% of the total number of automobiles being imported into the nation during June.

The department added that CBU car imports in June reached only 3,552 with a total value of US$97.9 million. In total, the country imported 44,000 CBU cars worth US$1.013 billion during the first seven months of the year, indicating an year-on-year decline of 48.3% in volume and 47.6% in value.

Elsewhere, the import turnover of machinery, equipment, tools, and spare parts in July stood at an estimated US$3.1 billion, a rise of 4.6% from the previous month.

Moreover, the seven-month period witnessed the import value of these commodities suffer a slight drop of 4.2% on-year to US$19.92 billion.

Source: VOV

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