HCMC – Vietnam imported 18,405 completely built-up (CBU) cars in September, with a total value of nearly US$378 million, according to preliminary data from the General Department of Vietnam Customs.
This represents a 22.2% increase in volume and a 26.4% rise in value compared to August.
In the first nine months of 2024, Vietnam imported 124,983 CBU cars, a 32.7% year-on-year increase. The value of these imports reached close to US$2.5 billion, up by 16% from the same period in 2023.
Indonesia was the largest car exporter to Vietnam, with nearly 50,900 units worth about US$746 million. Thailand followed closely with 47,580 units valued at US$923 million.
Vietnam imported over US$3.3 billion worth of automotive parts and components during the same period, rising 14.9% over the same period last year.
In related news, the Vietnam Automobile Manufacturers Association (VAMA) reported that its members sold 36,585 vehicles in September, a 45% surge against the previous month.
Of these, 28,973 were passenger cars, up 51% month-on-month. Commercial vehicle sales increased by 25% to 7,367 units, while sales of special-purpose vehicles jumped by 48% to 245 units.
Despite a 7.5% drop in domestic vehicle sales over the first nine months, imported vehicle sales increased by 28.5%.
VAMA attributed the sales spike to the Government’s 50% auto registration fee reduction.
