car imports

Update news car imports

Vietnam posts all-time high auto imports in 2022

Vietnam posted an all-time high import of automobiles with 173,467 units valued at 3.84 billion USD last year, surpassing the previous record of about 160,000 units in 2021, reported the General Department of Vietnam Customs.

Cars imported from Thailand, Indonesia still enjoy tax exemption

All cars of ASEAN origin imported into Vietnam will enjoy a tax-free policy until the end of 2027.

Over 144,000 CBU autos imported in 2022

The number of completely-built-up (CBU) automobiles imported in Vietnam during the January-November period hit some 144,726 with a value of US$3.2 billion, rising by 5.9% in volume and 6.3% in value year-on-year.

Indonesia rises to become largest supplier of cars to Vietnam

Indonesia overtook Thailand as it grew to become the largest auto supplier to the Vietnamese market in September, according to data given by the General Department of Vietnam Customs.

Prices of luxury cars from Europe will not go down immediately

The import tariff on European car imports will be decreasing gradually by 7 percent per annum. It will take at least five years to see considerable price decreases.

Vietnam car market ranks fourth in Southeast Asia

Vietnam's localization rate for passenger cars of under nine seats is 7 - 10%, much lower than the target of 35 - 45% set for the car industry 20 years ago.

Car imports skyrocket in 2019

Vietnam imported up to 140,000 cars in 2019 worth a total USD3.16 billion, up 84% on-year, with the majority from Indonesia and Thailand.


Vietnam 2019 customs revenue hits all-time high of US$15 billion

Vietnam’s active participation in multilateral and bilateral trade agreements created a pathway for improvements in the country’s business environment and support local enterprises to grow.

Former BMW dealership boss gets 9 years in jail for car smuggling

Nguyen Dang Thao, 45, former general director of HCMC-based Euro Auto, was given nine years behind bars for falsifying the prices of 91 BMW cars in import documents, evading US$275,000 in import tariffs.


TPP: Vietnam pressured to remove import tariffs on Japanese car imports

VietNamNet Bridge - Removing import tariffs on car imports from Japan is an important issue put on the table of the ongoing negotiations for Trans Pacific Partnership Agreement (TPP).

Car imports speeding to historic high of $1.5 bil

VietNamNet Bridge – Viet Nam is likely to spend US$1.5 billion on auto imports for the entire 2014, the highest level so far in Viet Nam's history.

Cambodia-made car causes shocks to Vietnam’s auto industry

 VietNamNet Bridge – Vietnamese policy makers and automobile manufacturers these days incur the heavy criticism from the public which is disbelief about the news that Cambodia has successfully made electric cars.

Auto industry faces crossroads ahead of ASEAN trade pact

 VietNamNet Bridge – Viet Nam's automotive industry could face major collapse under commitments to the ASEAN Free Trade Area (AFTA) which will abolish auto import taxes in 2018.

Car imports come mostly from ASEAN and ASEAN’s partners

 VietNamNet Bridge – Analysts have noted the car imports to Vietnam recently are mostly luxurious models and they are from ASEAN countries.