Vietnam recorded a surge in car importation in March (Photo: VNA)
Hanoi (VNS/VNA) - The import of automobiles increased dramatically inMarch, according to figures released by the General Department of Customs(GDC).
But although more and more cars are coming into Vietnam, purchasing of vehiclestends to slow at the beginning of the year.
Statistics shows that last month more than 347 million USD worth of CBU (CompletelyBuilt-up Units) were brought into the country.
This was an increase of 69.3 percent in volume and 66 percent in value comparedto the previous month and almost matching the figures for the first two monthscombined.
In the first quarter of 2021, 35,367 cars worth 770 million USD were imported,up 31.1 percent in volume and 35 percent in value against the same period lastyear.
Industry insiders attributed the surge to the increasing demand of transportbusinesses and private use after the economy stalled due to COVID-19.
While car dealers remained cautious about the prospect of car market, manyexpected more positive sale figures for the second quarter given the launch ofmany new models.
Automobile sales has continuously declined in the first two months of the year.
The Vietnam Automobile Manufacturers Association (VAMA) reported that car salesin February 2020 stood at only 13,585 units, down 48.6 percent compared to thefirst month of the year.
Car purchasing power in the first month of 2021 also suffered a decline of 45 percentcompared to the previous month./.
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Vietnam recorded a surge in car importation in March (Photo: VNA) 
