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Imports of cars slowing down   2008-09-25 - TBKTVN

The number of cars imported in the form of complete built units (CBU) in September is forecast to drop to 1,400 units, according to the General Statistics Office (GSO).


If the forecast is true, car imports in September will decrease by ¼ in quantity and ½ in import turnover compared to August.


Import turnover is estimated at around $25 million for September.


GSO said that 1,900 vehicles were imported in August while the real import turnover was $56mil.


In the first eight months of the year, Vietnam imported 44,400 vehicles with the value of over $855mil. It is estimated that in the first nine months of the year, CBU units will number 45,900 with the total import turnover of $881mil.


The figures show the sharper decrease of CBU imports in value than in quantity. Analysts have said that this is explained by the sharper decrease of car imports in comparison with trucks and commercial vehicles.


However, estimates said that imports in August would be 300 units lower than in July and import turnover in August would be $7mil lower than in July. Meanwhile, actual imports were just 100 units lower than in July, while import turnover was $5mil higher than the previous month.

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