The volume of completely built-up (CBU) automobiles imported into Vietnam witnessed a sharp decline in the first half of December 2024, according to preliminary statistics released by the General Department of Vietnam Customs.

From December 1 to 15, Vietnam imported 5,914 CBU vehicles of various types, with a total import value nearing US$156 million

The most dominant category was passenger cars with up to 9 seats, accounting for 4,680 units and a total value of approximately US$91 million. This segment represented 79.1% of the total import volume and 58.33% of the total import value during the period

However, the data reveals a notable downward trend in vehicle imports. Compared to the latter half of November 2024, the number of imported automobiles plummeted by 23.5%, equivalent to a decrease of 1,812 vehicles

Despite the recent dip, cumulative imports for the year up to December 15 show a significant surge. Vietnam imported a total of 166,638 CBU vehicles, valued at US$3.47 billion, marking a 45.22% increase in volume compared to the same period in 2023. This rise equates to an additional 52,000 vehicles

Vietnam’s automobile imports continue to be heavily sourced from Asian markets, with Indonesia, Thailand, and China emerging as the top suppliers

Accordingly, Indonesia leads the pack with 65,043 vehicles (as of November 2024), contributing US$954 million in import value; Thailand follows closely with 60,145 vehicles and a higher import value of US$1.17 billion; China ranks third, supplying 28,379 vehicles worth US$824 million.

Source: Báo Hải quan
 

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