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Auto imports take nosedive in June

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HANOI – Only 3,000 autos worth US$68 million were shipped to Vietnam in June, down 44% in volume and 37.4% in value against the previous month, according to statistics from the General Department of Vietnam Customs.

In May, over 4,900 automobiles produced in Indonesia, Thailand, China and other Asian countries were registered for import customs clearance.

The country imported a mere 39,000 automobiles valued at US$879 million between January and June, dipping by 47% in volume and 47.75% in value year-on-year, dragged down by the slump in car imports in the past three months.

On June 28, the Government issued Decree 70 allowing a 50% registration fee cut for customers who buy locally produced and assembled automobiles in a bid to boost domestic consumption.

By Lan Nhi

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