Home Commodities

Car imports skyrocket in first 9 months

Oct 2nd at 14:12
02-10-2019 14:12:29+07:00

Car imports skyrocket in first 9 months

Viet Nam imported 109,000 cars in the first nine months of this year, a year-on-year increase of 167.8 per cent, reported the General Department of Viet Nam Customs.

 

The value increased by 157 per cent from January to September, reaching US$2.4 billion.

In September alone, a total of 13,000 cars were imported with a total value of $260 million, up 38.1 per cent in volume and 24.4 per cent in value compared to the previous month, respectively.

According to the department, the cars mainly originated from Thailand, Indonesia, Japan, China and Germany, accounting for 97 per cent of the total.

As a result, domestic automobile production and assembly has levelled off. In 2017, the assembly output was 258,733 units, while in 2018 it fell to 258,116. In the first half of 2019, the number of assembled cars reached 131,089 vehicles.

Cars imported from ASEAN were tax exempt, meaning more support was needed for the domestic market, said the MoIT.

The ministry also said it would control the quality of imported cars.

bizhub

MOST READ

NEWS SAME CATEGORY

Petrol prices go up on October 1
COMMODITIES Oct 2nd at 14:02

Petrol prices go up on October 1

The retail prices of petrol and oil increased at 6pm on October 1 following the latest price review by the ministries of Industry and Trade, and Finance.

Hanoians seek solutions to air quality nightmare
COMMODITIES Oct 2nd at 08:16

Hanoians seek solutions to air quality nightmare

The serious air pollution in Ha Noi in recent weeks has prompted citizens to buy air purifiers to protect their health.

Mitsubishi to recall over 14,000 Xpander cars for fuel pump fault
COMMODITIES Oct 1st at 14:23

Mitsubishi to recall over 14,000 Xpander cars for fuel pump fault

Mitsubishi Motors Vietnam will recall 14,051 Xpander cars manufactured in Indonesia between August 14, 2018 and August 26, 2019 to fix a fuel pump problem.

Pangasius exports to US continue to fall
COMMODITIES Sep 30th at 08:06

Pangasius exports to US continue to fall

Vietnam’s pangasius exports to the U.S., its second largest market, this year has fallen by 41.5 percent to $187.9 million.

Vietnam Jan-Sept coffee exports likely fell 12% y/y - govt
COMMODITIES Sep 30th at 07:51

Vietnam Jan-Sept coffee exports likely fell 12% y/y - govt

Vietnam’s coffee exports in the first nine months of the year likely fell 12% from a year earlier to 1.27 million tonnes, while rice exports likely rose 4.5%...

Vietnam to begin export of milk to China
COMMODITIES Sep 27th at 09:48

Vietnam to begin export of milk to China

Vietnam will export milk for the first time to China in October to make up a shortfall there.

Viet Nam reduces petroleum imports
COMMODITIES Sep 27th at 09:04

Viet Nam reduces petroleum imports

Viet Nam imported more than 6.5 million tonnes of petroleum products from January to September 15, spending US$3.97 billion, according to the General Department of...

Domestic gold price dips
COMMODITIES Sep 26th at 21:06

Domestic gold price dips

Local gold prices dropped sharply today, September 26, after four consecutive days of rising prices, the local media reported.

Thailand’s rice subsidy program may affect Vietnam: rice operators
COMMODITIES Sep 26th at 08:22

Thailand’s rice subsidy program may affect Vietnam: rice operators

Thailand has passed a plan to allocate its budget of 21.5 billion baht to help stabilize rice prices for Thai farmers. This subsidy program may affect rice...

Trade Office warns of packaging mistake on longan exports to Australia
COMMODITIES Sep 25th at 07:45

Trade Office warns of packaging mistake on longan exports to Australia

The Viet Nam Trade Office in Australia has sent a warning to enterprises about a packaging mistake on longan exported to Australia after the first batch was stopped...

Read More

Commodity prices

MOST READ

Back To Top