RoK becomes Vietnam’s major car supplier

Vietnam imported 3,518 completely-built-units (CBU) from the Republic of Korea in the first quarter of the year, accounting for more than 50 percent of the country’s CBU car imports.

Vietnam imported 3,518 completely-built-units (CBU) from the Republic of Korea in the first quarter of the year, accounting for more than 50 percent of the country’s CBU car imports.

Though the figure represents a year-on-year decrease of 1.1 percent, the RoK was Vietnam’s largest car supplier in the reviewed period, according to the Vietnam Automobile Manufacture’s Association (VAMA).

VAMA reported that total CBU imports fell 4.29 percent in the first quarter to over 7,000 units, but the import value increased by 0.5 percent to US$137.27 million.

In March alone, Vietnam purchased nearly 2,468 units, up 64.8 percent over the previous month with the import value reaching nearly US$48 million, up 33.9 percent.

Total auto sales hit 8,390 units in March, up 97 percent against February’s figure. The positive sign encouraged automobile manufacturers to launch new products to cater to customer tastes and rev up the domestic auto market.