Cars imported from Indonesia are worth less than 300 million VND

VCN - Vietnam has spent more than 2.8 billion USD on importing cars of all types, of which the largest number is related to cars with fewer than 9 seats.
tin nhap 20191203153704 Imported cars increase, domestic car production declines
tin nhap 20191203153704 Vietnam imports 120,000 cars in ten months
tin nhap 20191203153704 Import more than 4,000 Chinese cars, five times higher than the same period of 2018
tin nhap 20191203153704
The structure of imported cars as of November 15, the "unit". Chart: T. Binh

The latest statistics of the General Department of Customs show thatin the first 15 days of November, Vietnam spent 109.4 million USD on importing 5,323 cars.

In particular, there are 3,839 cars with 9 seats or fewer,with a total turnover of 69.75 million USD

From the beginning of the year to the end of November 15, Vietnam imported 127,661 cars with a total turnover of over 2.8 billion USD.

Cars with 9 or fewer seats still account for an overwhelming number of 94,559 vehicles, accounting for more than 74% of imported cars. The second most popular model is the truck with 27,497 vehicles.

In terms of markets, Thailand and Indonesia are still the leading countries in terms of output.

Notably, in October, the number of imported cars from Indonesia surpassed Thailand.

Specifically, in October, Vietnam imported 8,019 cars from the "island nation" with a total turnover of more than 100 million USD accounting for 48% of Vietnam’s total imported cars in October.

While the result of imported cars from Thailand in the past month was only 6,761 cars, with total turnover of 134.33 million USD.

However, accumulated from the beginning of the year to the end of October, Thailand is still the largest import market of whole cars of Vietnam with 68,957 cars, total turnover of over 1.39 billion USD.

And the Indonesian market provides 39,911 vehicles, totaling nearly 545.7 million USD

In October, imported cars from Indonesia were mainly cars (cars with less than 9 seats) with an average value of only 12,336 USD / car (excluding tax) equivalent to more than VND 280 million / vehicle

While the average value of cars under 9 seats imported from Thailand in the past month was about 14,813 USD / car, equivalent to more than 340 million VND / car.

Regarding the Chinese market, in October, Vietnam imported 414 complete units from China with a total turnover of nearly 8.5 million USD.

However, vehicles imported from China last month were mainly specialized vehiclessuch as concrete mixers, tractors and cranes, etc.

tin nhap 20191203153704 Vietnam imports 120,000 cars in ten months

Vietnam imported 120000 assembled cars worth 2 66 billion USD in the first ten months of this ...

In the first 10 months of the year, the country imported 4,364 cars from China, with a total turnover of over 175.3 million USD.

By Thai Binh/ Phuong Thao

Related News

Import and export turnover across Cao Bang prospers but still exists difficulties

Import and export turnover across Cao Bang prospers but still exists difficulties

VCN – After China resumes trade, Cao Bang province's import and export activities see remarkable prosperity.
Import tax exemption to benefit domestic ITC industry

Import tax exemption to benefit domestic ITC industry

The information and communication technology sector has grown by 6-9% each year and has often exceeded the country’s GDP growth rate in recent years, attendees were told at workshop held by the Ministry of Information and Communications (MIC).
Exploiting potential markets to increase coffee export space

Exploiting potential markets to increase coffee export space

VCN - Vietnam's coffee industry has gradually affirmed its position when exports for the first time exceeded the USD 4 billion mark in the past year. The results of the first two months of 2023 show that coffee exports have many positives, especially in some markets.
Cashew industry strives to "get on the shelves of world supermarkets"

Cashew industry strives to "get on the shelves of world supermarkets"

VCN - Although holding the number one position in the world in exporting cashew kernels for many years, the position of Vietnam's cashew industry in the world cashew value chain is very small because it mainly exports kernels with preliminary treatment.

Latest News

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.
Mong Cai international border gate sees strong recovery

Mong Cai international border gate sees strong recovery

The Mong Cai international border gate in the northern province of Quang Ninh has become vibrant as before the pandemic, showing a positive sign in the economic recovery of Mong Cai city in particular and Quang Ninh province in general.
Vietnam a potential market for French businesses, investors: experts

Vietnam a potential market for French businesses, investors: experts

French businesses should innovate their approach, enhance their understanding of culture and language, and make changes to adapt to Vietnam's transitioning economy in order to expand their market share and boost investment in the Southeast Asian nation, said Dr. Jean-Philippe Eglinger, the founder of the Viet Phap Strategies.
HCM City’s industrial production index down 0.9% in Q1

HCM City’s industrial production index down 0.9% in Q1

Ho Chi Minh City’s Index of Industrial Production (IIP) in the first quarter of 2023 declined by 0.9% compared to the same period last year, the municipal Department of Industry and Trade reported at a press conference on April 3.

More News

Fisheries exports estimated at 1.85 billion USD in Q1

Fisheries exports estimated at 1.85 billion USD in Q1

Fisheries export value was estimated at 1.85 billion USD in the first quarter (Q1) of this year, a fall of 27% compared to the same period last year due to lower consumption and import demand under the impacts of inflation and economic recession, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Quang Ninh aims to attract quality FDI inflows

Quang Ninh aims to attract quality FDI inflows

The northern coastal province of Quang Ninh has strengthened measures to attract quality foreign direct investment (FDI) inflows, especially from big names in the processing-manufacturing industry.
Exports face many difficulties

Exports face many difficulties

VCN - In the first months of 2023, the absence of export orders plus the downward trend in commodity prices have slowed down trade activities.
Manufacturing enterprises increase their competitiveness thanks to digital transformation

Manufacturing enterprises increase their competitiveness thanks to digital transformation

VCN - Overcoming difficulties in 2023 requires manufacturing enterprises to self-improve and innovate. Digital technology is one of the effective solutions to help manufacturing businesses grow and compete.
32nd Việt Nam Expo promises to boost business linkages

32nd Việt Nam Expo promises to boost business linkages

The 32nd Việt Nam International Exhibition (Vietnam Expo) will take place in Hà Nội from April 5-8 with the participation of more than 500 domestic and foreign enterprieses, the event’s organisers have announced.
Prevention of price risks before news that Indonesia increases rice imports in reserve

Prevention of price risks before news that Indonesia increases rice imports in reserve

VCN - In response to demand signals from key markets such as Indonesia and the Philippines, the Import-Export Department (Ministry of Industry and Trade) suggested that rice exporters actively monitor the market situation and fully assess the opportunities as well as risks to build a trading plan.
Japanese investors highly appreciate Vietnamese property market

Japanese investors highly appreciate Vietnamese property market

Representatives from around 180 Japanese businesses and investors on April 1 attended a Tokyo workshop on Vietnamese real estate, during which many of them highly appreciated the potential of Vietnam’s property market.
Seafood enterprises propose to remove obstacles from exporting to the EU

Seafood enterprises propose to remove obstacles from exporting to the EU

VCN - Seafood enterprises are facing inadequacies in applying for material certification (S/C) and food safety certificates (H/C), which affects the production and export of seafood to the EU.
Need to effectively use tools to prevent exchange rate risks in import and export field

Need to effectively use tools to prevent exchange rate risks in import and export field

VCN - The exchange rate pressure in 2023 is expected to be weaker than last year, especially in the context of tightening monetary policies reaching the final phase. However, fluctuations in the economy and financial markets are still very unpredictable, and exchange rate developments may affect import and export activities.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Saigontex 2023 attracts over 1,300 domestic, foreign businesses

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.
Mong Cai international border gate sees strong recovery

Mong Cai international border gate sees strong recovery

The Mong Cai international border gate in the northern province of Quang Ninh has become vibrant as before the pandemic, showing a positive sign in the economic recovery of Mong Cai city in particular and Quang Ninh province in general.
Vietnam a potential market for French businesses, investors: experts

Vietnam a potential market for French businesses, investors: experts

French businesses should innovate their approach, enhance their understanding of culture and language, and make changes to adapt to Vietnam's transitioning economy in order to expand their market share and boost investment in the Southeast Asian nation, said Dr. Jean-Philippe Eglinger, the founder of the Viet Phap Strategies.
Import and export turnover across Cao Bang prospers but still exists difficulties

Import and export turnover across Cao Bang prospers but still exists difficulties

VCN – After China resumes trade, Cao Bang province's import and export activities see remarkable prosperity.
Cashew industry strives to "get on the shelves of world supermarkets"

Cashew industry strives to "get on the shelves of world supermarkets"

VCN - Looking back to 2022, while the export turnover of the cashew industry reached US $ 3.08 billion, the import turnover of raw cashews consumed US $ 2.678 billion.
Mobile Version