Imports of automobiles rise in July
Imports of automobiles rise in July
The import of automobiles increased significantly in July despite impacts caused by the second wave of COVID-19 in Viet Nam.
A report from the General Department of Customs showed that Viet Nam imported 4,760 cars of various kinds worth US$107.7 million in July, marking increases of 34 per cent in volume and 10 per cent in value compared with the previous month.
Thailand and Indonesia are the two main import markets of Viet Nam, accounting for 76 per cent of the country's total imported cars in the month. Cars imported from Indonesia have the lowest prices in the market at about VND250 million ($10,713) each on average, while cars imported from Thailand are priced at least VND377 million each.
Thailand continued to top the list with more than 2,300 cars exported to Viet Nam, up 33.3 per cent month-on-month, reaching nearly $38 million.
It is followed by Indonesia with 1,300 cars, an increase of 664 vehicles (100.04%) compared to June, gaining more than $14 million.
Other import markets include China with 719 vehicles, turnover of $27.2 million, South Korea with 121 units valued at $8.66 million, and Japan with 80 cars worth nearly $3.4 million.
In July, Viet Nam imported auto parts for locally-assembled production and spare parts worth $346.8 million, marking a sharp increase from $279 million in June. Major import markets include South Korea, China and Thailand.
