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Thailand dominates Vietnam's car imports

Thailand has continued to hold a large share of Vietnam's car imports according to initial statistics of the General Department of Vietnam Customs.

In November, 2020, Vietnam imported 5,927 cars from Thailand with a total value of over USD125 million. In October, the country imported 7,599 cars from Thailand, valued at over USD150 million, the department reported on December 25.

 

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In the first 11 months of this year, the number of cars imported from Thailand reached 44,697 units with a value of USD913 million, accounting for half of the imports, the report said. Car imports from Indonesia make up 36% with 32,691 units valued at over USD410 million.

According to the report, the number of imported cars in the first 11 months of 2020 reached 92,261, down 30.5% from the same period last year.

The decrease is attributed to the impact of Covid-19 pandemic.

Another cause was the Government’s latest reduction of registration fees for domestically-assembled and manufactured automobiles, which encouraged customers to buy locally-made cars.

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