16,000 cars imported in six months

Data by the General Statistics Office shows that in the first six months of this year the number of imported automobiles to Vietnam was estimated at 16,000 completely built units, worth US$308 million

An automobile shop in District 5, Ho Chi Minh City. (Photo: SGGP)

Car imports rose by 17.8 percent in quantity and 7.5 percent in value compared to the same period last year.

Especially, the amount of imported cars on average was 3,000 per month in the past four months.

However, their value increased from $48 million in March to $50 million in April and $66 million in May.

The import value was predicted to drop to $55 million in June.

Compared to a slump of 59 percent in volume and 54.7 percent in value in the first six months of 2012, a strong rebound in car imports shows signs of recovery of the imported automobile market.

By T.Tuyet – Translated by Thuy Doan

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