Vietnam imports 100,000 CBU cars in Jan-Oct

HCMC – Vietnam has imported nearly 100,000 completely built-up (CBU) vehicles worth US$2.3 billion so far this year, down by 21,000 units and US$430 million year-on-year, according to the General Department of Vietnam Customs.

Data from the General Department of Vietnam Customs showed that from October 1 to 15, the nation imported 5,770 CBU vehicles valued at a total of US$139 million.

Among these, cars with nine seats or less accounted for 5,057 units, or 87.6% of the total in the first half of this month.

Thailand, Indonesia, and China are among Vietnam’s major vehicle exporters.

Despite many promotional programs offered by car dealerships, sales of imported cars have remained slow.

Car sales are expected to rebound next month when the festive season arrives, market watchers said.