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Tuesday, June 18, 2024

Vietnam imports 6,300 autos in first half of January

The Saigon Times

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HCMC – Vietnam’s automobile imports totaled 6,306 units between January 1 and 15, with a total value of US$161 million, according to the General Department of Vietnam Customs.

Vehicles with nine or fewer seats accounted for 91.6% of the total in value and 85.1% in volume.

The rest included bigger passenger vehicles and other special-use vehicles, totaling US$146,674 and US$9.7 million, respectively.

In the first half of this month, Vietnam also spent more than US$174 million on auto parts and still managed to have a trade surplus of US$146 million from the items.

The country saw its vehicle import volume in 2022 soaring to an all-time high of over 173,460 units costing US$3.8 billion.

Auto imports are forecast to fall this year, given the substantial investments in manufacturing lines in Vietnam of automakers such as Hyundai, Toyota and BMW.

Thailand and Indonesia remain the two biggest car exporters of Vietnam, with a combined volume of over 144,000 units.

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