Vietnam's auto imports up 33 percent in September

Vietnam imported 3,000 cars worth 55 million USD in September, up 33 percent in volume and 18 percent in value in August, according to the General Department of Customs.
Vietnam imported 3,000 cars worth 55 million USD in September, up 33 percent in volume and 18 percent in value in August, according to the General Department of Customs.

This brought the total number of automobile imports in the first nine months of the year to 24,000 units worth 476 million USD, up 22.5 percent and 6.1 percent respectively.

September's increase of car imports was attributed to the traditional shopping peak towards the end of the year, which usually begins in mid-September.

Meanwhile, the car registration fee reduction also helped drive up car sales and imports.

In July, the Hanoi People's Council cut registration fees on new cars with fewer than 10 seats to 12 percent. Registration fees for second-hand cars with fewer than 10 seats will remain at 2 percent.

The current national level of 15 percent was introduced at the beginning of April, down from the previous fee of 20 percent.

Customs statistics showed that Vietnam's auto imports decreased to a six-year low last year, reaching only 27,000 cars in 2012, down 50 percent on 2011.-VNA

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