According to the General Department of Customs, in February, around 9,152 completely built-up cars were imported into Vietnam, worth USD212 million. The figure in January was just 4,524 costing USD127 million in total.
Vietnam imported a total number of 23,992 completely built-up automobiles in the first quarter of 2022
In March, Vietnam imported 10,331 completely built-up cars worth a total USD234 million in March, up 12.9 percent against February.
During the first three months of this year, Thailand topped the markets exporting cars into Vietnam with 12,222 units, costing USD252.85 million, followed by Indonesia with 6,762 cars worth USD93.4 million and China with 2,207 worth USD82.9 million.
Thailand, Indonesia and China accounted for up to 88 percent of the country’s total imported vehicles between January and March.
According to experts, the 50 percent discount for locally-made cars between December 2021 and the end of May this year has slowed down the sales of imported cars.