Car imports see strong recovery in March

Import turnover of completely built-up (CBU) cars in March increased by 55.4% in volume and 41.4% in value compared to the previous month.
Car imports see strong recovery in March ảnh 1Imported cars in Hai Phong Port. Vietnam imported about 15,000 completely built-up cars in March with a value of 287 million USD. (Photo: VNA)
Hanoi (VNS/VNA) - Import turnover of completely built-up(CBU) cars in March increased by 55.4% in volume and 41.4% in value compared tothe previous month.

A preliminary report from the General Statistics Office (GSO) saidthat Vietnam imported about 15,000 CBU cars in March with a value of 287million USD.

However, this import decreased slightly by 1.7% in volume and 18.8%in value compared to the figures in March 2023.

The strong recovery in CBU car import in March was due to the carimport in February falling sharply when businesses stopped all import-exportactivities during the seven-day Tet (Lunar New Year) holiday.

Those numbers in February reached 9,650 units in volume and 203 million USD invalue.

Thus, CBU car import turnover in March had a strong recoverydespite the market situation not showing clear positive signals.

Positive signals from the economic recovery are bringing backhigher expectations of domestic car demand.

The CBU car import is expected to continuously recover in thesecond quarter of 2024.

After the Tet holiday,the Vietnamese auto market welcomed many new car models, mainly imported cars.

GSO also reported that the total import of CBU cars in the firstthree months of 2024 was estimated at 31,452 units worth 632 million USD, down25.1% in volume and 31.7% in value year on year.

This was still a very low turnover compared to 2023, before the market fellinto a period of deep decline in demand./.
VNA

See more

Lao government officials and representatives of Vietnamese businesses at the seminar (Photo: VNA)

Vietnamese firms eye investment in Laos

He reaffirmed Laos as a key investment destination for Vietnamese and global firms, highlighting opportunities in agriculture, tourism, logistics, and infrastructure.

Vice Chairman of the Bac Giang People's Committee Mai Son (Photo: bacgiang.gov.vn)

Bac Giang speeds up non-state budget investment projects

In the coming period, the northern province of Bac Giang will focus on addressing challenges to non-state budget investment projects and expediting their progress, affirmed Vice Chairman of the provincial People's Committee Mai Son.

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.

Representatives from Lao and Vietnamese agencies at the signing ceremony. (Photo: VNA)

Vietnam, Laos strengthen energy cooperation

A 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province is expected to export 1,526 kWh to Vietnam annually once its first phase completes by the end of 2027, and additionally 1,112 million kWh per year after its second phase becomes operational in 2030./

A view of the Hanoi skyline. While rental properties continue to be in demand, there has also been a notable rise in the number of foreigners looking to buy houses. (Photo: VNA)

Housing demand from foreigners in Hanoi rises

Over several years, Hanoi has increasingly become an attractive destination for foreign workers, with approximately 10,000 new foreign workers are granted licences to work in the city each year.