Car imports surge
In this article (5)
The number of imported cars in Vietnam rose 61 percent to 129,733 units in the first 10 months this year.
Passenger vehicles saw a rise of 50 percent to 90,029 units, according to Vietnam Customs.
In October, the three major import markets were Thailand with 8,320 units, followed by Indonesia, 3,925, and China, 1,733.
Over 11,700 cars with nine seats or less were imported to Vietnam last month, doubling from September.
A media representative of a Japanese auto brand said the rise came as customs activities resumed after months of social distancing.
Companies were also importing more vehicles to prepare for the end-of-year shopping season.
Vietnam also imported $4.07 billion worth of car parts and equipment in the first 10 months, up 33.5 percent year-on-year.
Sales of imported, completely-built units rose 24 percent year-on-year to 97,028 in the first 10 months, according to Vietnam Automobile Manufacturers Association (VAMA).
Questions & Answers
Q.What proportion of the total imported cars were passenger vehicles during the first 10 months of the year?
What proportion of the total imported cars were passenger vehicles during the first 10 months of the year?
Passenger vehicles accounted for 90,029 units out of a total of 129,733 imported cars in the first 10 months. This means over two-thirds of the imported cars were passenger vehicles.
Q.Which countries were the primary sources of car imports to Vietnam in October?
Which countries were the primary sources of car imports to Vietnam in October?
In October, Thailand was the largest import market with 8,320 units. Indonesia followed with 3,925 units, and China was third with 1,733 units imported to Vietnam.
Q.What reasons were given for the increase in car imports by a Japanese auto brand representative?
What reasons were given for the increase in car imports by a Japanese auto brand representative?
A representative stated the rise was due to customs activities resuming after social distancing. Companies were also importing more vehicles to prepare for the upcoming end-of-year shopping season.
Q.How did the sales of completely-built imported units compare to the total number of imported cars in the first 10 months?
How did the sales of completely-built imported units compare to the total number of imported cars in the first 10 months?
Sales of imported, completely-built units reached 97,028 in the first 10 months, while the total number of imported cars was 129,733. This indicates a significant portion of imports were sold.
Reader pulse
What drives Vietnam's import surge?
16,561 votes so far