Vietnam’s automobile imports continued rising in January with 14,457 units, and a total value of USD 314.50 million, according to the General Department of Vietnam Customs.
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The figures represented an increase of 218.90 percent in volume and 148.90 percent in value compared to the same period last year.
Thailand remained the biggest car exporter of Vietnam, with a volume of over 6,693 units totalling USD 125.47 million in the first month of this year. It was followed by Indonesia with 6,179 units, totalling USD 89.70 million, the US with 432 units valued at USD28.40 million, and China with 328 units valued at USD 11.26 million.
Vietnam posted an all-time high import of automobiles with 173,467 units valued at USD 3.84 billion last year, surpassing the previous record of about 160,000 units in 2021
Auto imports are forecast to fall this year, given the substantial investments in manufacturing lines in Vietnam of automakers such as Hyundai, Toyota and BMW.
