Vietnam's Imports of Cars, Auto Components Fall 29.6% in Jan-August
Vietnam is estimated to have spent US$1.6 billion importing cars and auto components in the first eight months this year, down 29.6% against the same period last year, the government’s General Statistic Office reported.
Of the figure, it spent US$639 million on imports of 40,400 cars under the mode of complete built unit (CBU) in the period, representing on-year falls of 26.1% and 9.2%, respectively, the statistics showed.
The statistics also reported that 8,700 cars worth total US$118 million were imported to Vietnam in July, much higher than the office’s previous forecast of only 7,000 units.
Domestic car market is currently very bustling as people are rushing to purchase cars in order to enjoy preferences in ownership registration tax and other fees.
Many automobile manufacturers said they are running out of cars for sales. As a result, many car buyers have to wait several months to get delivery, or pay additional money to get their cars sooner. (Vietnam Economic Times)
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