Thailand leads in exporting automobiles to Vietnam
Thailand ranked first among automobile exporters to Vietnam over the last seven months, with a volume of 18,837 units worth 343 million USD.
Illustrative image (Source: http://autobikes.vn)Statistics from the General Department of Vietnam Customs showed Thailand was followed by the Republic Korea, India, China and Japan.
Since April this year, the volume of automobiles imported from China to Vietnam saw a strong tumble, not quite reaching 1,000 units in July.
The country shipped just less than 8,000 vehicles to Vietnam in the first seven months of 2016, a cut of nearly 50 percent.
Though China ranked fourth in export volume of automobiles to Vietnam in the last seven months, it was only behind Thailand in value, with 301 million USD.
It is predicted that Vietnam will continue importing low-powered, smaller-engined cars due to buyers enjoying preferential import tax and special consumption tax .
The General Department said, the country bought a total of 60,600 automobiles worth 1.42 billion USD from abroad in the Jan-July period, a year-on-year drop of 5.9 percent in volume and 17.3 percent in value.
Of the figure, there were 25,500 car with nine seats or lesser, and 26,200 trucks imported, representing increases of 16.6 percent and 7 percent, respectively. The country imported only 650 vehicles with nine or more seats, a reduction of 24.9 percent.-VNA
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