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.
![Thailand and Indonesia dominate the imported car market in Vietnam. Thailand and Indonesia dominate the imported car market in Vietnam.](https://media.doanhnghiephoinhap.vn/uploads/2023/11/30/new-shortcut-1701312964.jpg)
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
- Businesses need to increase adaptability to join the global supply chain
- Agricultural exports are forecast to reach nearly 60 billion USD in 2024
- General Secretary Nguyen Phu Trong: An outstanding politician, a great theorist
- Why is bank security very important?
- Export businesses face difficulties as sea freight rates rise
- Banks and challenges in funding green projects
- Strategies for innovation to adapt and seize opportunities by enterprises
- The Ho Chi Minh City Friendship Dialogue and the Ho Chi Minh City Economic Forum will take place in September 2024
- Why is it necessary to implement the direct electricity purchase mechanism soon?
- How are bank bond interest rates attractive to investors?
- Bamboo Airways aims to break even and become profitable by 2025
- Overcoming rising input costs and supply challenges in business
- The strong growth of air travel demand in Vietnam
- New proposal on petroleum business: Enterprises can have the freedom to set retail prices
- Electric vehicle market share in Vietnam: Development trends and challenges
- Farm School - What legal framework is needed for this new model?
- Digital transformation in the banking sector: The future direction of financial services
- EuroCham: European enterprises confident in Vietnam's long-term economic growth
- The journey from Nghe An fields to the TH True Milk brand
- Why support taxi businesses transitioning to electric vehicles?
Đọc thêm Business
Testing the "sandbox" model to diversify the Vietnamese stock market
The "sandbox" model to test new securities products will help select a number of securities companies and intermediary financial institutions with sufficient potential to pilot some structured products for the market.
Agricultural exports are forecast to reach nearly 60 billion USD in 2024
Vietnam's agricultural sector is a bright spot with increasing export potential. It is forecast that in 2024, Vietnam could reach an export level of nearly 60 billion USD, opening up great opportunities for sustainable development in this sector.
General Secretary Nguyen Phu Trong: An outstanding politician, a great theorist
General Secretary Nguyen Phu Trong's passing is a great loss for our Party and the people of Vietnam, leaving infinite regret among the people of the entire country and internationally.
Export businesses face difficulties as sea freight rates rise
Logistics costs have now increased by about 130% compared to the end of 2023. This reality has been pushing domestic export businesses into a state of freezing many export orders.
The Ho Chi Minh City Friendship Dialogue and the Ho Chi Minh City Economic Forum will take place in September 2024
The 2nd Ho Chi Minh City Friendship Dialogue (Ho Chi Minh City Friendship Dialogue – FD) in 2024, themed "Industrial transformation: Experiences and priorities in development cooperation", will take place from September 23-24, 2024.
Why is it necessary to implement the direct electricity purchase mechanism soon?
Implementing the direct electricity purchase mechanism brings many economic and environmental benefits and creates condition for the sustainable development of the electricity sector. Thus, this mechanism has become increasingly necessary and urgent.
How are bank bond interest rates attractive to investors?
Bank bonds are attracting investor interest due to their attractive interest rates and high level of security. This is a popular choice among investors in stable and safe financial products today.
Overcoming rising input costs and supply challenges in business
Currently, businesses are facing significant challenges as input costs rise and supply becomes difficult. The shortage of supply can impact business operations, profits, and the competitiveness of businesses.
The strong growth of air travel demand in Vietnam
Vietnam is becoming a top tourist destination in Southeast Asia, with the strong growth in air travel demand creating both opportunities and challenges for the industry.
Tourism and resort real estate begins to show more positive signals
Tourism and resort real estate, although affected by the pandemic, are showing many signs of recovery and many new positive opportunities in the coming period.