Specifically, businesses spent US$614 million, US$296.4 million, and US$172.7 million on importing 30,022, 22,014, and 4,553 completely-built-up (CBU) cars from Thailand, Indonesia, and China in the reviewed period, respectively.

The three major markets in Asia alone accounted for 91.3% of the country's total CBU imports in the first five months of the year.

May alone witnessed the number of vehicles imported from Thailand, Indonesia, and China reached 2,873, 2,996, and 933, respectively.

Vietnam Customs statistics indicate that the import volume and turnover of CBU cars in May endured a sharp decrease compared to April.

Despite two consecutive months of decline, the five-month import volume of CBU cars witnessed positive growth compared to the same period last year.

Vietnam purchased 61,954 cars worth US$1.4 billion over the past five months, up 22% in volume and 10.2% in turnover year on year. The average value of each imported vehicle stood at roughly VND530 million.

Source: VOV