Thursday, December 2 2021

VietNamNews

Imported cars increase again in May

Update: June, 04/2021 - 07:56
Imported cars. — Photo thoibaotaichinh

HÀ NỘI — Việt Nam imported some 65,160 CBU vehicles in the first five months of the year, worth US$1.46 billion, up 76.5 per cent in volume and 78.3 per cent in value over the same period last year.

In the context of the COVID-19 pandemic, the growth in the purchasing power of the market in general and the import turnover of CBUs in particular is showing the automobile industry's ability to overcome difficulties.

Commenting on the situation, many experts predicted that car manufacturers would continue to implement promotion activities this month to cope with the slowdown of the market.

In fact, at the beginning of this month, Toyota Việt Nam launched a discount programme for its best-selling model, Vios, with a reduction of VNĐ30 million, or a discount of VNĐ20 million for the Wigo model.

A preliminary report of the General Statistics Office (GSO) showed that it was estimated that about 15,000 CBU cars were imported to the country last month, with a turnover of $341 million.

Thus, imported CBU cars have grown again after the decline in April. Although the growth rate is not significant, it could also be considered a good sign for the Vietnamese automobile market.

From the beginning of this year, the import of automobiles saw dramatic growth in March.

Statistics showed that more than US$347 million worth of CBUs were brought into the country in the month. This was an increase of 69.3 per cent in volume and 66 per cent in value compared to the previous month. 

Meanwhile, automobile sales continuously declined in the first two months of the year and April. — VNS

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