Vietnamese people spend US$3.1 billion on imported cars in 2019

The General Department of Customs estimates that in 2019, there were 142,000 cars imported to Vietnam, worth USS 3.1 billion, a rise 71% in volume and 69.4% in value over the same period last year.

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January 09, 2020 | 15:33

	Vietnam imports 120,000 cars in ten months
	650 Vinfast Fadil cars delivered to customer
	Vietnam imports more than 420 cars per day

vietnamese people spend us 31 billion on imported cars in 2019

Illustrative photo

According to the General Department of Customs, in December 2019, Vietnam's total import-export value of goods was estimated at US$ 44.6 billion, up 1.1% over the previous month; in which total export value is about US$21.8 billion, down by 4.4% and total import value is about US$22.8 billion, up by 6.8%.

By the end of 2019, Vietnam's total import and export value of goods is expected to reach nearly US$ 517 billion, up 7.6% over the same period in 2018; in which, total export value is about US$263.45 billion, up by 8.1% and total import value is about US$253.51 billion, up by 7%.

Vietnam's trade balance of goods in December 2019 was estimated at a deficit of US$ 1 billion. So, in 2019, the whole country has a trade surplus of US$ 9.94 billion.

In particular, in December, Vietnam imported 8000 completely-built-up cars, worth US$ 140 million.

Estimated that by the end of December 2019, the country will import 142,000 units, worth US$ 3.1 billion, a rise 71% in volume and 69.4% in value over the same period last year.

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