Vietnam spends 1.04 billion USD to import some 51,000 various vehicles in the first half of 2017 (Photo: VNA)Hanoi (VNA) - Vietnam spent 1.04 billion USD to importsome 51,000 various vehicles in the first half of this year, according tostatistics released by the General Department of Vietnam Customs.
The figures were up 2.9 percent in volume but down 15 percent invalue.
The number of vehicles with nine seats or less reached 26,600units worth 449 million USD, marking an increase of 30.1 percent in volume and13.5 percent in value year-on-year.
Indonesia ranked the top exporter of cars with nine seats orless to Vietnam, with 8,900 units at total value of 171 million USD, up 66times in volume and 103 times in value year-on-year. The average price was 19,300 USD each.
It was followed by Thailand with 6,600 units worth 105 millionUSD, or 15,909 USD each on average, and India with 5,000 units worth 23.6million USD, or 4,200 USD each on average.
Meanwhile, Vietnam imported 338 cars with nine seats or moreduring the first half of this year at total value of 10 million USD, decliningby 31 percent in volume and 30.5 percent in value compared with the same periodlast year. Japan took the lead with 190 units worth 5 million USD.
The figures were up 2.9 percent in volume but down 15 percent invalue.
The number of vehicles with nine seats or less reached 26,600units worth 449 million USD, marking an increase of 30.1 percent in volume and13.5 percent in value year-on-year.
Indonesia ranked the top exporter of cars with nine seats orless to Vietnam, with 8,900 units at total value of 171 million USD, up 66times in volume and 103 times in value year-on-year. The average price was 19,300 USD each.
It was followed by Thailand with 6,600 units worth 105 millionUSD, or 15,909 USD each on average, and India with 5,000 units worth 23.6million USD, or 4,200 USD each on average.
Meanwhile, Vietnam imported 338 cars with nine seats or moreduring the first half of this year at total value of 10 million USD, decliningby 31 percent in volume and 30.5 percent in value compared with the same periodlast year. Japan took the lead with 190 units worth 5 million USD.
The country’s auto part manufacturing industry also had a goodopportunity to participate in the production chain in ASEAN since its rivalThailand faced a shortage of skillful workers.
Chris Humphrey, executive director of the EU-ASEAN BusinessCouncil based in Singapore, told the online newspaper VnExpress.net thatVietnamese producers had not only been reinforcing their position in thedomestic market but also expanding exports, especially in its traditionalmarket of ASEAN. The outlook for auto parts and components was thereforeoptimistic.
He said once the tariff barrier is lifted under the ASEANfree trade agreement in early 2018, it would allow Vietnam to produce parts andaccessories to serve the auto industry in other countries in the region, citingthe example of Thailand, a country lacking skilled workers.
Kasinee Phantteeranurak, project manager at leading Asianevent organiser Reed Tradex Co, Ltd, said the European Union, Japan, theRepublic of Korea and the US are potential markets for Vietnam. However, they arehigh-ranking manufacturers, therefore their demand in terms of quality, stabilityand accuracy was very high.-VNA
Chris Humphrey, executive director of the EU-ASEAN BusinessCouncil based in Singapore, told the online newspaper VnExpress.net thatVietnamese producers had not only been reinforcing their position in thedomestic market but also expanding exports, especially in its traditionalmarket of ASEAN. The outlook for auto parts and components was thereforeoptimistic.
He said once the tariff barrier is lifted under the ASEANfree trade agreement in early 2018, it would allow Vietnam to produce parts andaccessories to serve the auto industry in other countries in the region, citingthe example of Thailand, a country lacking skilled workers.
Kasinee Phantteeranurak, project manager at leading Asianevent organiser Reed Tradex Co, Ltd, said the European Union, Japan, theRepublic of Korea and the US are potential markets for Vietnam. However, they arehigh-ranking manufacturers, therefore their demand in terms of quality, stabilityand accuracy was very high.-VNA
VNA
