Vietnam imports large quantities of cars from Thailand

12-Aug-2020 Intellasia | VOV | 6:02 AM Print This Post

Vietnam imported a total of 4,000 completely built unit (CBU) automobiles with a value of $104 million during July, with the majority coming from Thailand, representing an increase of 6.3 percent from June, according to the general Department of Vietnam Customs.

The majority of cars of all kinds which registered for import customs procedures in June came from just three markets Thailand, China, and Indonesia.

As such, the number of imported cars from these major markets accounted for 87 percent of the total number of automobiles being imported into the nation during June.

The department added that CBU car imports in June reached only 3,552 with a total value of $97.9 million. In total, the country imported 44,000 CBU cars worth $1.013 billion during the first seven months of the year, indicating an year-on-year decline of 48.3 percent in volume and 47.6 percent in value.

Elsewhere, the import turnover of machinery, equipment, tools, and spare parts in July stood at an estimated $3.1 billion, a rise of 4.6 percent from the previous month.

Moreover, the seven-month period witnessed the import value of these commodities suffer a slight drop of 4.2 percent on-year to $19.92 billion.


Category: Economy, Vietnam

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