Thailand and Indonesia dominate the Vietnamese market for imported automobiles.
- 117
- Business
- 09:56 30/11/2023
DNHN - The majority of automobiles imported into Vietnam during the month were manufactured in Thailand and Indonesia, totaling 7,147 units or 87% of the total number of automobiles with nine seats or fewer imported into Vietnam that month.
The quantity of fully assembled automobiles that were officially registered for customs declarations upon import surged significantly in October 2023, attaining 9,612 units. This represents a 29.4% growth in comparison to the preceding month and is valued at 254.85 million USD. This month, Japan, Thailand, Indonesia, and China are the four primary suppliers of imported automobiles to Vietnam.
Cars imported from Thailand constitute the largest proportion, amounting to 4,580 units, followed by China (796 units), Indonesia (3,191 units), and Japan (522 units). Automobiles with nine seats or fewer comprised the majority of the total, amounting to 8,219 units, a 32.6% increase from the previous month.
Principal border crossings and port regions, including Ho Chi Minh City and Hai Phong, have been the primary recipients of imported automobiles, constituting a significant portion of the overall import volume. Specifically, Ho Chi Minh City and Hai Phong both registered to import 4,387 units, representing a 51.6% and 19.6% increase, respectively. These two regions are significant contributors to the number of imported automobiles with nine seats or fewer.
Automobiles originating from Thailand and Indonesia comprised the majority, comprising 7,147 units or 87% of the total number of automobiles with nine seats or fewer that were imported into Vietnam during the specified month. In that regard, the number of automobiles originating from Thailand experienced a 41% surge, culminating in 3,966 units, whereas those originating from Indonesia ascended by 14.6%, to 3,181 units.
P.V (t/h)
Related news
- Viettel collaborated with Ericsson to promote the deployment of 5G networks
- Sun Group proposed to build a 100 km long light rail line from Saigon to Tây Ninh
- How does FDI investment affect the real estate market?
- The banking sector is the highest brand value growth area in 2024
- How to develop secure electronic contracts?
- Real estate credit recovers slower than expected
- Honoring the spirit of the business community and entrepreneurs
- Expectations for businesses to play a greater, more significant role in the nation’s prosperity
- Challenges and opportunities in the final sprint of public investment disbursement
- Long An Province (Vietnam) Organizes Labor Promotion Workshop with Okayama City (Japan)
- Chairman of VINASME: Vĩnh Phúc businesses confidently aim for sustainable development
- Deputy Minister of Natural Resources and Environment Lê Minh Ngân: Enhancing land access for businesses
- Vietnam will become a maritime power in 2045 for this reason
- Many solutions needed for sustainable handicraft exports
- The "fierce" race for market share among securities companies
- Cross-border e-commerce: A driving force for Vietnamese businesses to expand globally
- Business leaders play a pioneering role in implementing ESG
- What needs to be done to improve the oil and gas price regulation mechanism?
- Avoiding cost overruns in the implementation of North-South high-speed railway
- Ben Tre - Eastern vision and potential for sustainable development
Đọc thêm Business
How does FDI investment affect the real estate market?
FDI investment has a profound impact on Vietnam's real estate market, especially during the first 9 months of 2024.
Long An province forges strategic ties with Korean Corporations, strengthens role in international economic relations
During a recent investment promotion mission to South Korea, a delegation from Long An Province, held important meetings with major Korean corporations such as STS Group, CS Wind, and GS Energy.
Green Power – Bringing a Green Mark to the Community
Renewable energy and semiconductors are the current and future trends. Vietnam and Global Power JSC (Green Power) is on a journey to conquer the market.
Real estate credit recovers slower than expected
Real estate credit is recovering slowly but is expected to grow rapidly thanks to low interest rates and more favorable supply. However, high house prices and low liquidity remain major challenges for buyers and investors.
Long An Province continues to Promote Korean Investment, Strengthen International Ties, and aim for a Green Economy and sustainable development
In the face of globalization and the growing demand for sustainable practices, Long An Province is proactively seeking foreign investment, particularly from South Korea, a key strategic partner for both Vietnam and Long An Province.
Challenges and opportunities in the final sprint of public investment disbursement
With just over 3 months left until the end of the 2024 fiscal year, the public investment disbursement rate has only reached 47.29%. The pressure is increasing, requiring ministries and sectors to concentrate their efforts in the coming period.
Long An is committed to accompanying and welcoming businesses "like family"
The province of Long An hopes that businesses investing in Long An will feel like they are returning to their home, collaborating together for long-term and sustainable development.
Vietnam - Cambodia - Laos: The friendship and solidarity relationship forged through challenges is an invaluable asset for the people of the three countries
Vietnam's investment in Cambodia and Laos remains among the top, with 205 projects in Cambodia (USD 2.95 billion) and 245 projects in Laos (USD 5.5 billion).
Vietnam will become a maritime power in 2045 for this reason
For Vietnam to become a strong maritime nation, wealthy from the sea as the Party and State have set out, many bold and synchronous solutions are being proposed.
2030 business Club organizes the forum "Young entrepreneurs - Global aspirations 2024
This year's event continues to be a space for sharing and connecting for over 500 entrepreneurs and businesses from both domestic and international markets.