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After a sudden dip in the first half of August, the number of imported cars into Vietnam has shown signs of recovery in the two most recent reporting periods.
According to the General Department of Vietnam Customs, from September 1st to September 15th, a total of 8,267 completely built-up cars of all kinds completed customs procedures to enter Vietnam. The import turnover of this group of cars in this period reached more than $170 million.
Previously, the number of imported cars into Vietnam in the first half of August reached only 6,195 units before increasing to 8,888 units in the second half of the month.
The sluggish purchasing power of the Vietnamese car market, especially during the ‘Ngau’ month, is considered the main reason for the sharp decrease in imported cars in the previous reporting period.
| Imported cars to Vietnam increase again | ||||||||
| Number of completely built-up imported cars to Vietnam in the last 3 months (Data source: General Department of Vietnam Customs) | ||||||||
| Label | Period 1 of June | Period 2 of June | Period 1 of July | Period 2 of July | Period 1 of August | Period 2 of August | Period 1 of September | |
| cars | 8,038 | 7,852 | 8,154 | 9,072 | 6,195 | 8,888 | 8,267 |
According to the General Department of Vietnam Customs, from the beginning of the year to now, a total of 114,855 completely built-up cars of all kinds have completed import customs procedures into Vietnam, with a total import turnover of nearly $2.36 billion.
Cars with 9 seats or fewer still dominate with more than 94,000 vehicles imported into Vietnam since the beginning of the year, with an import turnover of over $1.6 billion.
Also, according to the General Department of Vietnam Customs, Indonesia continues to be the country that exports the most cars to Vietnam. By the end of August, the number of cars imported from Indonesia to Vietnam was 43,810 units, with a total import turnover of more than $642 million.
Thailand ranked second with a total of 39,101 cars exported to Vietnam, with a total import turnover of more than $756 million. The number of cars of Chinese origin imported into Vietnam after 8 months reached 19,649 units, with a total import turnover of nearly $582 million.
The report of the Vietnam Automobile Manufacturers’ Association (VAMA) showed that after 8 months, Vietnamese bought 188,997 cars of all kinds. Imported cars recorded sales of 94,856 units since the beginning of the year, while assembled cars reached a consumption volume of 94,141 units in the same period.
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