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$12 million spent every day on imported vehicles

Released at: 10:25, 26/05/2015

$12 million spent every day on imported vehicles

CBU turnover stood at $184 million for first half of May.

by Luong Nhi

In the first half of May, 5,455 completely-built-up (CBU) automobiles were imported into Vietnam, worth $184 million, Vietnam Customs reported. On average 346 were purchased each day, with $12.26 million being outlaid.

Imported automobiles are quite expensive, at around $37,000 each on average, including customs duties but excluding other taxes and fees.

Among the 5,455 imported automobiles were 847 four-seat cars, 75 with nine seats or more, and 2,455 trucks and special-purpose vehicles. The high number of special purpose vehicles was behind the substantial value of imported automobiles during the period.

From January to mid-May the total number of imported CBU vehicles was 40,464 with turnover at $1.06 billion, according to Vietnam Customs. The volume was double year-on-year while turnover was triple.

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