Prices of cars still remains high because of reduction of import

The Ministry of Industry and Trade said in first two months of the year, the country imported 562 cards worth $35.31 million, deep drop of 96.3 percent on volume and 88. 6 percent on value compared to last year.

Prices of cars still remains high because of reduction of import

Russian-made cars lead the imported vehicles in Vietnam; next by China and the US. The drastic drop of imported cars this time resulted from regulations to tighten the condition of imported vehicles lately.
However, price of imported cars in the Southeast Asian country escalated compared same period last year. French cars is the most expensive, a year-on-year rise of 96 percent while Japanese-made car also rose by 270 percent. The cheapest imported cars including those from South Korea also saw an increase of 63 percent and Thailand with 73.6 percent, except Chinese which has a fall of 31.8 percent.
Lately, there has been no sign that price will fall plus shortage of favorite kinds. However, there isn’t wait-to-see attitude amongst clients any longer; instead, people choose ones at suitable price to meet their demand of traveling.
The Ministry said generally, in first two months of 2018, exports to China climbed by 50.6 percent compared to same period last year earning $5.67 billion accounting for 16.4 percent in the country’s total revenue of commodity export. Exports of telephone and computers, electronic products and accessories reached over billions of US dollar.
Noticeably, the telephone and accessory group has seen the increase of 13 times compared to same period last year with turnover of $1.22 billion accounting for 16.4 percent in total exports to the market.
The computer and electronic product and accessories group also ranks the second on turnover of $1.14 billion, a year-on-year rise of 37.7 percent.

By LAC PHONG - Translated by UYEN PHUONG

Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.