More than 1.1 billion USD spent on car imports in four months
More than 1.1 billion USD was spent on importing 49,360 completely built-up (CBU) vehicles in the four months of 2021 in Vietnam, a surge of 55.2 percent in volume and 57.2 percent in value over the same period last year, the General Statistics Office (GSO) has reported.
New cars line up in Hiep Phuoc port in HCM City (Photo: VOV)
Hanoi (VNS/VNA) - More than 1.1 billion USD was spent on importing 49,360 completely built-up (CBU) vehiclesin the four months of 2021 in Vietnam, a surge of 55.2 percent in volume and57.2 percent in value over the same period last year, the General Statistics Office(GSO) has reported.
In April alone, 14,000 automobiles worth 292 million USD were imported.However, the import turnover of CBU vehicles in April declined against theprevious month.
In March, the import of automobiles increased dramatically as more than 347million USD worth of CBUs were brought into the country.
In the first quarter of 2021, 35,367 cars worth 770 million USD were imported,up 31.1 percent in volume and 35 percent in value against the same period lastyear.
Industry insiders said these figures could be seen as a positive signal as thelocal car market continues to struggle with the impact of COVID-19.
A report from the Vietnam Automobile Manufacturers’ Association (VAMA) revealedthat the total sales figure in the domestic automobile market in the firstquarter this year reached 70,925 units, or a year-on-year increase of 36 percent.
Industry insiders attributed the surge to the increasing demand for transportand private use after the economy stalled due to the COVID-19 pandemic.
The figure comprised 51,126 passenger cars, up 34 percent, 18,735 commercialvehicles, up 43 percent, and 1,091 special-use vehicles, up 17 percent.
In March alone, auto sales by VAMA members grew by 127 percent against Februaryto 30,935.
Of these, 21,089 were passenger cars, 9,227 commercial vehicles, and 619special-use vehicles.
Sales of domestically-assembled vehicles rose 99 percent month-on-month to70,952, while those of completely-built-up (CBU) vehicles increased 177 percentagainst January to 13,795./.
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Vietnam imported 14,523 cars in the first two months of 2020, representing a year-on-year plunge of 43.7 percent, according to the Ministry of Industry and Trade (MoIT).
Car imports in November dropped 10.4 percent month on month to 12,237 units, according to initial statistics of the General Department of Vietnam Customs.
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New cars line up in Hiep Phuoc port in HCM City (Photo: VOV) 
