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Imported car market booming

Released at: 10:41, 18/09/2015

Imported car market booming

Figures for first eight months higher than last year's total.

by Son Ho

Vietnam Customs has reported that Vietnam imported 10,794 completely-built-unit (CBU) automobiles in August worth $200.75 million, a 13.8 per cent increase in number but a 4.2 per cent decline in value against July.

Total imported CBU automobiles from January to the end of August stood at 75,236 units worth more than $1.9 billion, representing an incredible 101.7 per cent growth in number and 133.2 per cent growth in value compared to same period of 2014.

Figures for 2014 showed that Vietnam imported 72,000 CBU automobiles worth $1.57 billion, meaning the first-eight month result has already exceeded last year’s total and growth in the annual figure is likely to be in the triple digits.

The Vietnam Automobile Manufacturers' Association (VAMA) earlier reported that total August sales, for imports and locally-assembled vehicles, were 18,236 units, a 10 per cent decline against July but 45 per cent higher than in August 2014.


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