Vietnam spent $2.59 billion on importing CBU cars in the first 11 months of 2015, or $235 million a month.
Vietnam imported 111,143 completely-built up (CBU) cars worth $2.587 billion in the 11 months through November, the General Department of Vietnam Customs (GDVC) said in its latest release.
The figures represent increases of 82% in volume and 91.6% in value from a year earlier.
In November alone, the country spent $252.41 million on importing 13,575 CBU automobiles, declining 2.7% in volume and rising 9.8% in value from November 2014.
According to the November report of the Vietnam Automobile Manufacturers’ Association (VAMA
), car sales of the total industry jumped 86% year-on-year to 29,706 in November 2015. Of the volume, CBU shot up 95% month-on-month to 12,577 units and completely-knocked down was up 7.6% month-on-month to 17,129 units.
In the January-November period, car sales in the country reached 215,217, up 57% versus the same period of last year.
Vietnam ran a trade gap of $2.87 billion in the 11-month period, according to the GDVC.