Thailand and Indonesia continue to be the top suppliers of imported cars for Vietnam. (Photo: ndh.vn)
Hanoi (VNS/VNA) - Vietnam spent about 1.2 billion USD to import53,000 completely built unit (CBU) cars in the first eight months of this year.
Data from the General Department of Vietnam Customs showed that import turnoverof CBU cars is estimated at 8,000 units last month, worth 190 million USD.
Cars are one of the commodity groups that have continuously changed since thebeginning of this year. Imported CBU cars increased again in the last twomonths after months of decline due to the COVID-19 pandemic.
Thailand and Indonesia continue to be the top suppliers of imported cars for Vietnamdue to advantages in import tax.
These are also the two countries with the largest car production in the region.Due to the zero percent import tax, imported cars from these two countriesaccount for 70-80 percent of CBU cars in Vietnam.
Statistics from the General Department of Vietnam Customs show there are atotal of 17,723 cars being exported from Indonesia to the Vietnam in the firstseven months of this year. Meanwhile, cars imported from Thailand reached19,944 units.
Although Thailand leads in the number of imported cars, Indonesia outperformsin the number of under-nine-seat cars.
In terms of average price, CBU imported cars from Indonesia to Vietnam have anaverage price of 287 million VND (12,300 USD) a unit. Imported Thai cars havean average price of 460 million VND.
While Thai imported car prices remained the same, car prices from Indonesiadeclined from 319 million VND in the same period last year.
Imported cars into the market are expected to continue to increase in thecoming months due to higher demand at the end of the year.
However, experts said that imported cars would not see big changes. The reasonwas that demand for shopping decreased this year as it was still affected bythe pandemic.
In addition, many popular cars are currently assembled domestically, therefore,the supply and selling price will be stable in the last months of the year./.
Competition in the automobile sector on the domestic market is fierce, not only in the production of local enterprises, but also the significant imports of cars in the first nine months of this year.
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Thailand and Indonesia continue to be the top suppliers of imported cars for Vietnam. (Photo: ndh.vn) 
