The Hanoitimes - During the period, cars from Thailand, Indonesia and China accounted for 93% of total cars imported to Vietnam. Vietnam imported 1,928 cars worth US$43.37 million from September 7 to 13, down 14.8% from the amount of 2,264 cars worth US$53.7 million imported in the previous week, according to the General Department of Vietnam Customs (GDVC). Illustrative photo. During the period, Thailand, Indonesia and China exported 1,155, 562 and 77 units to the Vietnam's market, respectively, combinedly accounting for 93% of total cars imported to Vietnam. Cars with less than nine seats made up the largest proportion with 1,295 units worth US$27.3 million, down 72 units compared to the previous week and contributing 67.2% of the total imported volume, of which, 712 units were from Thailand or 55% of the total, followed by Indonesia with 397 units, China 72 and the remaining from Germany and Japan, among others. This resulted in a unit price of … [Read more...] about Vietnam sees imported cars down 14.8% last week
Imported cars
Vietnam spends US$60 million importing cars last week
The Hanoitimes - From August 24 to 30, Thailand and Indonesia exported 2,188 and 716 units to the Vietnam`s market, respectively, accounting for 94% of total cars imported to Vietnam. Vietnam imported 3,089 cars worth US$59.27 million from August 24 to 30, more than double the amount of 1,116 cars worth US$26.66 million imported in the previous week, according to the General Department of Vietnam Customs (GDVC). Illustrative photo. During the period, Thailand and Indonesia exported 2,188 and 716 units to the Vietnam's market, respectively, accounting for 94% of total cars imported to Vietnam. Cars with less than nine seats made up the largest proportion with 2,129 units worth US$37.5 million, contributing 69% of the total imported volume, of which, 1,275 units were from Thailand or 60% of the total, followed by Indonesia with 726 units, Japan 60 and the remaining from Germany and the UK, among others. This resulted in a unit price of VND400 … [Read more...] about Vietnam spends US$60 million importing cars last week
Thai government urged to keep 80 percent tariff on imported cars
Illustrative image. (Photo: VNA) Bangkok (VNA) – The Federation of Thai Industries (FTI) has called on the government to maintain tariff on imported cars at 80 percent to protect the local auto manufacturing industry. The call was made by FTI’s domestic carmakers who insisted that any tariff reduction will have impacts on the local automotive and parts sector. The group urged the Thai government to intensify screening of declared prices of car imports to qualify for registration. They also wanted stringent checks to be made on the safety and quality of cars imported on the grey-market as an added requirement. Earlier this year, the FTI forecast automobile production in Thailand will increase to nearly 2 million units by the year’s end thanks to an increase in demand. Domestic sale volume is expected to grow to 870,000-900,000 units while exports are projected to fall 3.48 percent to 1.1 million units as importers apply new rules. In June, the Thai Ministry … [Read more...] about Thai government urged to keep 80 percent tariff on imported cars
Import cars arrive, but only from Thailand, Indonesia
VietNamNet Bridge - Only Thailand and Indonesia have adjusted their regulations to satisfy Vietnam’s requirements to export cars to Vietnam. Imports from other countries still cannot meet the requirements stipulated in Decree 116. Import cars arrive, but only from Thailand and Indonesia In the last four months, since the day the decree took effect on January 1, 2018, car arrivals have been very modest. Some automobile companies said cars would only arrive by the end of the year. In the last four months, since the day the decree took effect on January 1, 2018, car arrivals have been very modest. Some automobile companies said cars would only arrive by the end of the year. The company imported another batch of products in April from Thailand, but the products still have not been marketed as the importer is still following necessary procedures. RELATED NEWS Imports, domestically-assembled cars in battle for market share Car price war to break out from January 1, … [Read more...] about Import cars arrive, but only from Thailand, Indonesia
Vietnam plans technical barriers on imported cars
VietNamNet Bridge - The ministries of Transport (MOT) and Science & Technology (MST) plan to set up technical barriers to tighten the control of imported cars. Ministries plan to set up technical barriers on imports The Government Office on March 22 asked the two ministries to complete Vietnamese standards and regulations on imported cars to strengthen management over imports in accordance with international practice. Analysts predicted that the new barriers could be additionally required documents. Under current regulations, importers must show the copies of vehicle certificates of four components - tires, rearview mirrors, front lights and glass. As the VTAs from Indonesia and Thailand have been accepted, imports from the two markets have resumed. RELATED NEWS Decree 116 and a mounting investment in automobile manufacturing Imports, domestically-assembled cars in battle for market share Tran Thuy … [Read more...] about Vietnam plans technical barriers on imported cars