Car imports fall in January
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Vietnam’s auto imports fell by 70 percent last month to 4,524 units, but the industry dismissed it as a normal January phenomenon after a surge in imports in December.
The passenger car segment saw a 53 percent decline to 4,008.
Though down by more than half from December, Thailand remained the largest seller, shipping 2,488 units.
Indonesia followed with 472 vehicles.
Truck imports plunged by 93.5 percent to 260, almost all of it from China and Thailand.
Auto companies said companies usually import large numbers of vehicles in December to prepare for the New Year and Tet shopping season, and so numbers fall in January before recovering again in February and March.
Imports of car parts and equipment fell by 7.8 percent to $395 million.
South Korea, China and Thailand were the biggest exporters.
Questions & Answers
Q.Why did vehicle imports fall so sharply in January?
Why did vehicle imports fall so sharply in January?
Auto companies explained that they typically import many vehicles in December. This prepares them for the New Year and Tet shopping season, leading to lower import numbers in January before a recovery.
Q.Which countries were the main sources for passenger cars imported into Vietnam?
Which countries were the main sources for passenger cars imported into Vietnam?
Thailand was the largest seller, shipping 2,488 passenger car units last month. Indonesia followed, providing 472 vehicles to Vietnam's market.
Q.What was the total value of imported car parts and equipment last month?
What was the total value of imported car parts and equipment last month?
Imports of car parts and equipment amounted to $395 million. South Korea, China, and Thailand were the primary exporters for these components.
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