Illustrative image (Photo: VNA) Hanoi (VNA) - Vietnam spent 2.65billion USD on importing 111,278 cars in the first 11 months of this year, down26.6% in volume and 22% in value annually, reported the General Department of VietnamCustoms.
Accordingly,Thailand, Indonesia, and China were the biggest car suppliers to Vietnam.Specifically, Thailand took the lead with 50,144 units, equivalent to over 1.07billion USD, down 18% in volume and 22% decrease in value year on year.
Insecond position was Indonesia with 40,474 units worth over 574 million USD,showing an annual decrease of 36.7% in volume and 38% in value.
China was the third largest car supplier to Vietnam during theperiod, with 9,843 units valued at over 360 million USD, representing a drop of39% in volume and a 46% in value compared to the same period last year.
Additionally, Vietnam also imported completely built-up carsfrom the US, Germany, Japan, the Republic of Korea, France, and others.
In November alone, thenumber of completely built-up cars imported into Vietnam reached 7,508, equivalentto 192.81 million USD, falling 21.9% and 24.3% in volume and valuemonth-on-month, respectively.
Accordingto the Vietnam Automobile Manufacturers’ Association (VAMA), the total sales ofVAMA member units reached 263,249 as of the late November, down 29% annually.Of them, passenger, commercial and special-use vehicles down 31%, 16% and 57%,respectively.
Thisyear, the Vietnamese automobile market is forecast to fall short of the volumeof over 404,000 sold in 2022, mostly due to current challenging conditions,leading consumers tightening their belts./.
