Business News 30/07/2023, 23:45

Vietnam's car imports exceed 70 thousand in the first half of the year, marking an 11.4% increase

According to data from the General Department of Customs, in June 2023, the import of Completely Built-Up (CBU) cars of all types increased by 18.4%, amounting to 1,398 more cars compared to the previous month.

Vietnam's car imports exceed 70 thousand in the first half of the year, marking an 11.4% increase

Vietnam imported nearly 71,000 CBU cars of all kinds in the first six months of 2023.

Specifically, the number of CBU cars imported in June 2023 was 9,006, valued at nearly 250 million USD. This marked a notable surge compared to the previous month when 7,608 cars worth 191 million USD were imported.

The main sources of CBU cars imported into Vietnam in June 2023 were three key markets. Indonesia contributed 3,965 cars, Thailand supplied 2,351 cars, and China accounted for 1,340 cars. These three markets combined constituted 7,656 cars, representing 85% of the total number of cars imported into Vietnam during the mentioned period.

The volume of imported CBU cars of all kinds in 6 months of 2022 and 6 months of 2023

(Source: General Director of Customs)

During the first half of 2023, Vietnam experienced a significant increase in the import of Completely Built-Up (CBU) cars, reaching a total of 70,915 cars, reflecting an 11.4% rise compared to the same period last year. Among these imports, there were 56,083 cars with 9 seats or less, showing a growth of 14.4%, and 10,398 transport cars, which saw a 16.1% increase.

The majority of CBU cars imported in the first half of 2023 came from three key markets, namely Indonesia, Thailand, and China, accounting for 90.5% of the total number of imported cars nationwide.

Specifically, Thailand contributed 32,373 cars, valued at $678.2 million USD, with an average import price of approximately $21,000 USD per car (nearly 500 million VND/car). Indonesia supplied 25,979 cars, worth $351.8 million USD, with an average import price of $13,500 USD per car (approximately 315 million VND/car). China provided 5,849 cars, worth $224.7 million USD, with an average price of about $38,400 USD per car (nearly 900 million VND/car).

VnEconomy / Translator: Hoàng Trúc
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