Vietnam Auto Imports Fall Jan-February
Vietnam spent US$74 million importing automobiles, components and spare parts in the first two months of this year, a year-on-year fall of 6.75 per cent, said the government-run General Statistics Office (GSO).
Of the sum, US$28 million was injected in importing 1,400 completely-built automobiles, down 2.6 per cent and 9 per cent on year, respectively.
The shrinkage in car imports is principally due to slow sales in the domestic market.
The communist-ruled nation is currently home to 13 foreign-led automobile joint ventures, which have a combined registered capital of nearly US$700 million and an aggregate annual capacity of 173,000 units.
Last year, Vietnam imported 12,000 automobiles worth US$208 million, down 32.3 per cent in volume and 26.8 per cent in value. (GSO February 2007)
Vietnamese
