Cars imported from South Korea into Vietnam skyrockets
Thailand and Indonesian-manufactuerd automobiles massively imported into Vietnam | |
China among top 3 Vietnam’s largest car exporters | |
Cars imported to Vietnam from China on increase |
Illustrative photo: Zing News |
In the first two months of 2021, the number of completely built up (CBU) automobiles imported from South Korea into Vietnam reached 328 units, increasing 13 times compared to the same period last year, according to the General Department of Customs.
During this period, Vietnam imported a total of 18.367 CBU automobiles, representing a year-on-year increase of 23.7%, Zing News reported.
Vietnam's exports to South Korea stood at $3.16 billion, up 7.3% over the same period in 2020 and accounting for 6.5% of the country's total turnover. Vietnam’s imports from South Korea reached $8.4 billion, up 6.7% and occupying 17.8% of the country's total turnover.
Computers, electronic products and components; phones and components and machinery and tools were three items imported from South Korea raking in a turnover of $1 billion or more.
Vietnam mainly exported to South Korea items such as computers, electronic products, and components; phones and components; machinery and tools; apparel; wood and wood products; footwear, and seafood.
When will electric cars see a boom in Vietnam? The slow sales of electric cars indicate that Vietnamese are still hesitating to use this kind of vehicle. The problem lies in the concern about ... |
Vietnam spends over US$212 million importing cars in January The number of cars imported to Vietnam in January 2021 surged by nearly 85% over the same period in 2020, according to the General Department ... |
Vietnam's car imports fall sharply in 2020 For the first time since 2017, the number of cars imported to Vietnam has decreased sharply in 2020. |