Vietnam imported 109,000 cars in the first nine months of this year, a year-on-year increase of 167.8 percent, reported the General Department of Vietnam Customs.
The Ministry of Industry and Trade expects car imports to increase sharply. (Source: vietnamfinance.vn)
Hanoi (VNA) - Vietnamimported 109,000 cars in the first nine months of this year, a year-on-yearincrease of 167.8 percent, reported the General Department of Vietnam Customs.
The value increased by 157 percentduring the reviewed period, reaching 2.4 billion USD.
In September alone, a total of13,000 cars were imported with a total value of 260 million USD, up 38.1 percentin volume and 24.4 percent in value compared to the previous month,respectively.
According to the department, theimported cars mainly originated from Thailand, Indonesia, Japan, China andGermany, accounting for 97 percent of the total.
As a result, domestic automobileproduction and assembly has levelled off. In 2017, the assembly output was258,733 units, while in 2018 it fell to 258,116. In the first half of2019, the number of assembled cars reached 131,089 vehicles.
Cars imported from theAssociation of Southeast Asian Nations (ASEAN) were tax exempt, meaning moresupport was needed for the domestic market, said the Ministry of Industry andTrade.
The ministry also said itwould control the quality of imported cars./.
The Vietnam Automobile Manufacturers’ Association on October 10 reported that automobile sales in September drop 20 percent compared to the same period last year and 4 percent over the previous month.
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The Ministry of Industry and Trade expects car imports to increase sharply. (Source: vietnamfinance.vn) 
