Vietnam's automobile import plunges in 8 months
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Vietnam spent over 3.5 billion U.S. dollars on importing completely-built automobiles and components for assembly in the first eight months of this year, posting a year-on-year decrease of 28 percent.

Specifically, the country imported nearly 53,000 completely-built automobiles worth over 1.2 billion U.S. dollars, down 44.3 percent in volume and 43.7 percent in value, according to the country's Ministry of Industry and Trade on Friday.

Vietnam's total automobile sales in the first seven months of this year stood at 131,248 units, a year-on-year plunge of 28 percent, according to the Vietnam Automobile Manufacturers Association.

In 2019, Vietnam spent over 7.4 billion U.S. dollars importing completely-built automobiles and components for assembly.

Specifically, the country imported roughly 141,700 completely-built automobiles worth more than 3.2 billion U.S. dollars, according to its General Statistics Office.

Source: Xinhua
2020-09-04

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