VIETNAM’S AUTO IMPORTS SHOOT UP IN NOVEMBER

The number of cars imported into Vietnam last month soared sharply, driven by the strong domestic demand.
Data from the General Department of Vietnam Customs showed the country imported over 22,700 completely-built-up (CBU) cars worth US$468 million in November, surging by 58.8% in volume and by 46.7% in value over October.

In January-November, the country imported 151,600 CBU cars for US$3.4 billion, up 4.7% in volume and 5.7% in value year-on-year.

Vietnam’s top three auto exporters were still Indonesia, Thailand and China, accounting for over 93% of the nation’s auto imports.

This year, Indonesia has emerged as the biggest auto seller of Vietnam by volume, with nearly 64,000 cars valued at US$934.4 million, followed by Thailand with some 61,100 units worth US$1.2 billion.

China shipped over 16,200 cars worth US$670 million, most of which were trucks and special-use vehicles.

Source: The Saigon Times