Car imports from China up 6.5-fold
In this article (5)
Vietnam imported 9,400 vehicles from China in the first five months of the year, 6.5 times higher than in the same period last year, according to the customs department.
Of them, nearly 5,600 were special purpose vehicles and 2,840 were trucks, with passenger cars accounting for the rest.
China remained the third-largest source of vehicles for Vietnam behind Thailand and Indonesia.
Thailand dominated with 33,140 vehicles, double the figure from the same period last year, and Indonesia accounted for 18,340 units, up 16.2 percent, with the two accounting for 80 percent of imports.
Under the ASEAN Trade in Goods Agreement that took effect in 2018, import tariffs on vehicles within the bloc are zero.
Vietnam’s imports jumped by 78 percent to over 65,700 units.
Auto sales rose 53 percent to 126,894 units, according to the Vietnam Automobile Manufacturers Association.
Questions & Answers
Q.What proportion of Vietnam's total vehicle imports did China supply in the first five months of the year?
What proportion of Vietnam's total vehicle imports did China supply in the first five months of the year?
China supplied 9,400 vehicles out of a total of over 65,700 units imported by Vietnam during that period. This makes China responsible for approximately 14.3% of Vietnam's overall vehicle imports.
Q.Which types of vehicles primarily made up Vietnam's imports from China?
Which types of vehicles primarily made up Vietnam's imports from China?
Special purpose vehicles and trucks were the dominant types imported from China. Nearly 5,600 were special purpose vehicles and 2,840 were trucks, with passenger cars making up the remainder of the 9,400 total.
Q.How did Thailand's vehicle exports to Vietnam compare to China's in the first five months?
How did Thailand's vehicle exports to Vietnam compare to China's in the first five months?
Thailand exported significantly more vehicles to Vietnam than China did, supplying 33,140 units. This figure was double their exports from the same period last year, and far exceeded China's 9,400 units.
Q.What impact might the ASEAN Trade in Goods Agreement have on Vietnam's vehicle imports?
What impact might the ASEAN Trade in Goods Agreement have on Vietnam's vehicle imports?
The agreement, effective since 2018, stipulates zero import tariffs on vehicles within the ASEAN bloc. This policy likely contributes to the dominance of regional suppliers like Thailand and Indonesia in Vietnam's import market.
Reader pulse
Is Vietnam's reliance on Chinese auto imports concerning?
21,613 votes so far