Car imports plummeted

 

 ) - Do not unexpected given the measures to control the import of automobiles by the Ministry of Trade and Industry and the Prime Minister issued, the number of cars (both old and new) are imported into Vietnam fell sharply in July.

According to preliminary statistics of the General Department of Customs, after having increased sharply in June , so many businesses to promote consolidation before Circular 20/2011 of the Ministry of Industry and Trade began to take effect (26 / 6 / 2011) tightening the import of cars not used by the import of attorney, the genuine distribution, and certificate of guarantee facilities, maintenance of automobiles of all kinds imported into Vietnam in July fell 45.8% to 3,958 units, equivalent turnover of 71.87 million, down 41.2% from June.

However, if we calculated seven months of this year, the number of automobiles imported into Vietnam has increased a lot over the same period last year, reaching 38,116 units, valued at nearly USD 703.4 million - an increase of respectively 38 , 8% and 40.3%.

 

On the origin, in July, overwhelming the automobile market in Vietnam is imported cars from South Korea, with 1,965 units, up nearly 50% market share, equivalent to 21.9 million. No. 2 is the car from Thailand (597 units), and then to mainland China (265 units), Japan (165 units), and Indonesia (142 units).

Regarding components, automobile parts (for assembly operation and repair of motor vehicles), imports of Vietnamese Nam month 7 / 2011 reached over USD 161 million, up 1% from June, bringing the total to seven months was 1.14 million, up 5.6% over the same period last year.

Import car door closed, with thousands of businesses, when Circular 20/2011 of the Ministry of Industry and Commerce officially takes effect on 26 / 6, "giving" the new car market units under 9 seats for importers, distributors authorized genuine.

 

In addition, the advent of Decision 36/2011/QD-TTg , defined by the new import tariffs for used cars with effect from 15.08.2011, entry doors are closed car, where after the taxes, the price of most cars imported into Vietnam will be 100% higher than the same car.

 

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