Thai cars costing over 400 million VND enter Vietnam
More than 2,300 cars from Thailand were imported into Vietnam with an average price of about 470 million VND/car.
According to statistics from the General Department of Customs, in the first half of March, the country imported 2,412 cars, worth 55.254 million USD. As of March 15, a total of 2,953 cars had been imported to Vietnam, worth 89 million USD.
A batch of imported Honda cars is at the port waiting for customs clearance. Photo: Zing |
Notably, in the first half of March, 2,327 completely built-up cars with less than 9 seats were imported into the country, bringing the number of cars with less than 9 seats imported as of March 15 to 2,357, worth 51.37 million USD.
With this figure, on average, each imported car has a declared value of about 21,600 USD/car, equivalent to 470 million VND/car.
The number of imported cars since the beginning of the year has mainly come from ASEAN. Thailand is the main supplier market as the Government of this country quickly issued a Type Approval Certificate (VTA) to bring cars to Vietnam. Specifically, the batch of Honda cars imported from Thailand to Vietnam after the company completed the procedures according to the regulations of Decree 116.
Compared to the same period last year, imported cars with less than 9 seats decreased sharply in both quantity and value because not all companies met the new regulations. However, the average value of each imported car increased sharply even though the imported cars from Thailand focused on small passenger cars (with a capacity of less than 2.0L).
The reason is that in early 2017, Vietnam still had a need to import a large number of cars from India with a lower (declared) price. And in 2017, India was still one of the main markets supplying cars with less than 9 seats to Vietnam. However, from the beginning of 2018 until now, along with the trend of sparse imported cars, imported cars from India have been absent.