Sunday, June 30, 2024 1:50:48 AM - Markets open
VN-INDEX 1,245.32 -13.77/-1.09%
HNX-INDEX 237.59 -2.48/-1.03%
UPCOM-INDEX 97.54 -0.99/-1.00%
Auto imports drop sharply last week
vietnamplus.vn - 5/22/2018 9:49:38 AM
 (0 ratings. You must sign in to rate.)
A total of 231 cars worth 10.2 million USD were imported to the Vietnamese market over the past week, reported the General Department of Customs. 
 
This marks sharp decreases in both volume and value as compared with the previous week, with 746 cars valued at 21.6 million USD, the department said. 
 
In the week, there were 97 cars with nine seats or less worth 2.5 million USD entering Vietnam, accounting for 42 percent of the total volume. Of the cars, 45 were from Germany and 40 were from Thailand. 
 
Of note, all of the 82 trucks valued at nearly 1.5 million USD imported to Vietnam last week were originated from Thailand. 
 
As many as 52 specialised vehicles worth 6.23 million USD were shipped to Vietnam, with 25 cars from Thailand, 12 from the Republic of Korea (RoK) and seven from China. The rest hail from Japan, France, Australia, Italy and Russia. 
 
Nearly 41.27 million USD worth of auto spare parts were also transported to the country, mainly from Thailand (12.7 million USD), China (6.78 million USD), Japan (6.45 million USD), the RoK (4.66 million USD) and Germany (4.19 million USD). 
 
Statistics show that 84 percent of auto spare parts imported to Vietnam last week were from the above-mentioned countries.  
 
The Vietnam Automobile Manufacturers Association (VAMA) reported on May 9 that up to 21,123 vehicles were sold in the domestic market in April. 
 
Of the total, the sales of tourist vehicles reached 13,549, up 5 percent, while the sales of commercial vehicles decreased 8 percent to 6,375 units and the sales of specialised vehicles also fell 8 percent to 1,217 units as compared with the previous month. 
 
Notably, the domestically-assembled cars segment saw a fall of 5 percent in sales to 17,910 vehicles. On the contrary, 3,213 vehicles were imported, up 37 percent month-on-month. 
 
During the January-April period, total automobile sales were 80,681 units, a decrease of 7 percent year-on-year. The sales of tourist vehicles increased 2 percent, while that of commercial and specialised cars fell 18 percent and 36 percent, respectively.
 
The sales of domestically-assembled cars edged up 8 percent against a decrease of 47 percent in the sales of imported cars. -VNA
 
Read original article here
Newer News
29/06 Hải Dương to invest VNĐ1.4 trillion in developing another logistics complex
29/06 National Assembly ratifies UK’s CPTPP accession
29/06 Hà Nội could lead the country in digital technology
29/06 National Council for Sustainable Development established
29/06 AI propels renewable energy to new heights
28/06 Many Vietnamese companies plan to invest in the US
28/06 Việt Nam, Cambodia look forward to $20 billion trade
28/06 Expanding export roadmap via e-commerce for Vietnamese businesses
27/06 Hà Nội to accelerate growth and stimulate consumer demand: authority
27/06 Chance for domestic players to gain bigger slice of the logistics market
Older News
22/05 EVFTA - a push for Vietnam-EU economic relations
16/05 CPTPP benefits Vietnam’s industrial property
16/05 Thousands of scrap containers stored at Cat Lai Port
15/05 Exports of tra fish earns 438 million USD in three months
11/05 Tra fish industry facing dangerous situation, warn experts
10/05 CPTPP likely to lift Vietnam’s garment exports to Australia
05/05 Rice exports bring home 1.1 billion USD in Jan-Apr
03/05 Int’l tourists jump some 30%
03/05 Retail goods, services gross 1.4 quadrillion VND in four months
03/05 HCM City’s industrial production stalls in four months
 
Newsletter Signup
Top Stories
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Deputy PM receives Group Chairman of Standard Chartered in Hà Nội
Petrol prices revised up
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,245.32 -13.77/-1.09%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.