CBU car imports down in July

August 19, 2013 | 20:54

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Vietnam imported nearly 2,700 completely built units (CBU) in July, falling by 26.4% compared to June.

The General Statistics Office (GSO) of Vietnam reported that as of July 2013, the number of CBU imports into Vietnam was 19,700, worth US$365 million, showing an increase of 23.7% in volume and 7.7% in value.

The Republic of Korea (RoK) was Vietnam’s main CBU supplier with approximately 9,260 units in the first seven months of 2013, up 38.9% compared to the same period last year and representing 47% of the country’s total CBU imports.

It was followed by Thailand with 4,000 CBU units (up 38.6%), China with 2,280 CBU units (down 5%) and Japan with 1,100 CBU units (up 45.5%).

The GSO attributed July’s falling import to a slight reduction in the domestic consumption. The Vietnam Automobile Manufactures’ Association (VAMA) said the total number of cars sold in July only reached 9,360 units, down 3% against June.

In addition, the import tax on secondhand sedans of 9 or less than 9 seats increased by US$1,500 to US$5,000 each as of June 20.

VOV

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