This was the second consecutive rising month of automobile imports, raising the total number of imported cars since the beginning of this year to the end of October to above 123,000 cars, worth $2.71 billion, 2.3 times higher in both volume and value, or 131.6 percent in volume and 126.5 percent in value, over the same period last year.
Thailand, Indonesia, China and Japan continued to be the main markets from which Vietnam imported completely-built-unit cars in the first ten months of this year. Of which, imports of automobiles from Indonesia, China and Japan strongly surged.
As the wave of imported cars has flowed into the country with competitive prices, business results in October of automobile manufacturers in Vietnam have weakened, prompting car makers to lower their prices sharply in order to compete with imported cars and win back market share.
Thailand, Indonesia, China and Japan continued to be the main markets from which Vietnam imported completely-built-unit cars in the first ten months of this year. Of which, imports of automobiles from Indonesia, China and Japan strongly surged.
As the wave of imported cars has flowed into the country with competitive prices, business results in October of automobile manufacturers in Vietnam have weakened, prompting car makers to lower their prices sharply in order to compete with imported cars and win back market share.
