Vietnam Spends US$75Mln on Automobile Imports in Jan-Mar

Vietnam Spends US$75Mln on Automobile Imports in Jan-Mar

Vietnam is forecast to spend US$75 million on importing 4,000 automobiles in the first three months of this year. This represents a 47.7 per cent in value but remains 1.5 per cent down in volume compared with the same period last year, according to the government's General Statistics Office (GSO).

In the January-February period, the country disbursed US$47 million to import over 2,600 units.

Vietnam is predicted to spend US$161 million on importing auto spare parts and kits in the three-month period and US$60 million in March alone.

According to the Vietnam Automobile Manufacturers Association (VAMA), eleven foreign-invested auto assemblers in the country sold 3,767 units in the first two months of 2005.

Last year, Vietnam imported over 22,000 cars.

• T.V