The Vietnamese auto market spent more than 1 billion USD importing cars at the beginning of the year

DNHN - By the end of the first half of April, Vietnamese businesses will have imported CBU vehicles worth over $1 billion. Nearly 90% of them are from Thailand and Indonesia.

According to preliminary data from the General Department of Customs, the Vietnamese market imported a total of 6,233 CBU automobiles of all types in the first half of April, with a total value of nearly USD 139 million. Consequently, each vehicle imported within the past two weeks has an average value of over USD 22,200.

Cars with 9 seats or less dominated the market with a total of 4,431 units, accounting for approximately 71.1% of the total number of imported cars in the first half of April and reaching a value of more than 90 million USD, equating to an average price of over 20,300 USD per vehicle.

Since the beginning of the year, the Vietnamese market has imported 48,231 CBU automobiles with a total value exceeding 1.06 billion US dollars. With 39,290 units and a value of over 820 million USD, the majority are automobiles with nine or fewer seats.

In contrast, the value of auto parts and accessories imported in the first half of April reached nearly 174 million USD; the value of imported motorcycles, components, and spare parts was nearly 26 million USD. Since the beginning of the year, the value of components and spare parts imported to Vietnam has exceeded 1.17 billion US dollars, while the value of motorcycles and components and spare parts have exceeded 190 million US dollars.

Previously, the General Department of Customs reported that Thailand remained the top exporter of complete vehicles to Vietnam in March, with 8,292 units reaching 167 million USD, an increase of 36.7% in quantity and 32.6% in value over February. During the entirety of the first quarter of 2023, auto imports from Thailand totaled 21,051 units and nearly $419 million, an increase of 72.2% in volume and 65.5% in value. Regarding value.

In the second place, Indonesian automobile imports totaled 4,148 units with a value of USD 57.4 million, a decrease of nearly 650 units compared to February 2023. This is because some models imported from Indonesia, such as Toyota Veloz and Avanza Premio, have been transferred to Vietnam for assembly. TC Motor's factory in Ninh Binh also assembles vehicles such as the Hyundai Creta and the Stargazer.

China ranked third, with imports of 1,316 vehicles worth $52.45 million from the country of billions.

Ngoc Phi (TH)