Vietnam’s CBU car imports in seven months surge despite COVID-19

Wednesday, 2021-08-18 18:41:41
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A car plant of VinFast in Hai Phong (Representative photo: VNA)
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NDO/VNA – Vietnam’s imports of completely built-up (CBU) vehicles in the first seven months of 2021 posted a year-on-year surge of 111.2% in volume despite the complexities of COVID-19.

Statistics of the General Department of Vietnam Customs showed that in the period, Vietnam purchased 95,525 CBU vehicles worth US$2.1 billion, surging 107.1% in value against the same period last year.

Thailand and Indonesia were the main providers of Vietnam, holding a lion’s share of 80%.

In July alone, 14,407 cars worth US$290.8 million were imported, down 5.9% in volume and 13.3% in value compared to the previous month.

Meanwhile, members of the Vietnam Automobile Manufacturers' Association (VAMA) sold 166,516 vehicles in January-July, up 27% compared to the same period last year. Of the figure, domestically assembled cars made up 15%, or 94,109.

In seven months, TC Motor of Hyundai Thanh Cong sold 38,066 vehicles, while VinFast of conglomerate Vingroup 19,720 units.