July car imports hit record high

Some 17,000 completely-built-up (CBU) cars were imported to Vietnam in July, marking the highest monthly figure recorded so far this year, according to the General Statistics Office of Vietnam.

The figure brings the total number of imported cars in the first seven months of the year to 91,585, up 14.7% compared to the same period last year.

The majority of the imported cars have low value of over VND500 million ($19,600) each.

Indonesia was the biggest supplier of cars to Vietnam as of June, 2024 with 32,797 units valued at $478 million, accounting for 44% and 31.2% of the total volume and value, respectively.

Thailand ranked the second with 23,736 units, worth $463 million. It was followed by China with 14,729 units, worth nearly $456 million.