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Thailand the largest motor car exporter to Vietnam in 2016

Released at: 12:00, 24/01/2017

Thailand the largest motor car exporter to Vietnam in 2016

photo:vneconomy

Country outpaces China, India and South Korea in motor car exports to Vietnam last year.

by Van Van

The number of imported Thai motor cars reaching Vietnam has increased significantly, exceeding those from China, India and South Korea.

Although the total volume of fully-imported cars fell 10 per cent last year, the number of cars from Thailand increased 37 per cent and stood at 34,336 units, according to the General Department of Vietnam Customs.

Conversely, the number of South Korean and Chinese cars exported to Vietnam fell dramatically. Nearly 11,000 units were imported from Vietnam’s northern neighbor, representing 40 per cent of the number in 2015.

Imports from South Korea were down 6,400 units, to 20,200, placing it third behind India, with 22,000 units.

The number of vehicles imported from India were also down, by more than 3,500 units compared to 2015. The average price of each vehicle imported from India is only $5,400, equal to 2015 prices.

Imports of motor cars from Thailand rose sharply due to the strong impact of tax reductions on sales prices, with prices (excluding taxes and charges) averaging about $18,600.

Thailand has major advantages in pick-up models, with import tax of only 5 per cent and excise tax of only 15 per cent, compared to 40 to 130 per cent for pick-ups from elsewhere. Registration fees for Thai pick-ups are also just 2 per cent.

The best-selling imported pick-ups from Thailand include the Ford Ranger, Toyota Hilux, Mazda BT-50, Isuzu D-Max, Nissan NP300 Navara, Mitsubishi Triton, and Chevrolet Colorado.

Since 2013, the number of fully imported cars has continued to increase, doubling in quantity and value in 2014 and 2015.

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