Made in Thailand cars overwhelm imported vehicles

By Quynh Chi - Jun 25, 2018 | 05:02 PM GMT+7

TheLEADERThe majority of cars imported into Vietnam last week were from Thailand, while cars from China remained absent for the second consecutive week.

Made in Thailand cars overwhelm imported vehicles
Imported cars increased sharply last week

According to preliminary statistics from the General Department of Vietnam Customs (GDVC), in the week of June 15 to June 21, the number of automobiles registered for import customs declaration increased sharply.

GDVC's data indicated that from the beginning of 2018, last week was one of the highest week in terms of the volume of automobiles registered for import.

In particular, over 1,400 cars worth nearly $30 million registered for import customs. Out of the registered cars, 96 per cent were from Thailand.

Last week was also the second consecutive week of no automobiles originating from China imported into Vietnam.

Automobiles registered for import declarations were mainly cars of nine or fewer seats, trucks and special-purpose vehicles of all kinds.

Specifically, there were 557 cars of nine or fewer seats registered to import into Vietnam with a value of $10.6 million, accounting for 38.9 per cent of all imported cars. Among them, 99 per cent of these vehicles were registered with import declarations mainly at Ho Chi Minh City and Hai Phong city ports with the number of 304 vehicles and 250 vehicles respectively.

542 cars of nine seats or fewer registered in the last week were mainly from Thailand, accounting for 97 per cent of total imported cars of nine seats or fewer.

Additionally, 857 trucks with a total value of $3.37 million were imported into Vietnam, in the previous week, making up 59.9 per cent of total imported cars during the week. Out of 857 imported truckss, 836 units were from Thailand.

For specialized vehicles, 17 units with a value of $1.7 million were imported, of which seven units originated from China, three units were from Korea and two units were from France.

Additionally, in the last week, car parts and accessories worth $36.8 million were imported into Vietnam, a reduction of 17 percent compared to the preceding week, based on the GDVC's preliminary statistics.

These groups were mainly imported from Japan, Thailand, China, Korea, Germany, Indonesia and the Netherlands. Of which, the highest amount came from Japan with a value of $10.2 million, followed by Thailand with a value of $8.5 million.

Car parts and accessories imported from these seven countries accounted for almost 94 per cent of the total import value of automobile parts and accessories of Vietnam last week.