Vietnam spends nearly 170 million USD importing cars in April
- Vietnam's automobile market is recovering
- Vietnam driven to protect domestic automobile industry
- Vietnam’s automobile market frozen as car price falls
- Vietnam's automobile market plunged in early 2017
According to the April’s report of the Vietnam General Department of Customs, the number of imported vehicles to Vietnam decreased by 40% compared to March and the value also shrank by 6% to 169.5 million USD in April.
The number of automobiles imported from Thailand continued to lead the market with 1,976 units while the volume of automobiles imported from Indonesia ranked second with 1,572 units, and it was followed by China with 1,065 automobile units. In April, imports of automobiles from India dropped sharply from 3,074 units in March to 176 units.
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| Vietnam spends nearly 170 million USD importing cars in April. |
The average price of an imported automobile in April was 24,350 USD (500 million VND), up 8,000 USD, compared to March. Prices of Indian cars were the lowest with an average of 12,850 USD, but three fold higher than the previous month.
From the beginning of 2017, the country imported 33,404 automobiles of all kinds, valued at 663.12 million USD, up by 15.6% in volume but down by 10.2% in value.
