Off the wire
Uber to face stricter regulation after EU officially rules it is transport company  • S.Korean president's approval rating stays high after visit to China  • Brazil's Temer says not to give up social security reform  • Japan's central bank maintains monetary stimulus, inflation still well below 2 pct target  • Dollar trades in lower-113 yen zone after halt in Treasury yield rise  • Indian markets open flat  • WWI wreck of Australia's first submarine found after 103 years  • Tokyo stocks lose ground in morning on profit taking after Wall Street's retreat  • Yearender: China's Belt and Road Initiative to benefit Southeast Asian countries: Singaporean experts  • Spotlight: Trump to see first major legislative victory, but it may not help GOP in 2018 midterm elections  
You are here:  

Vietnam's auto import declines in 2017

Xinhua,December 21, 2017 Adjust font size:

HANOI, Dec. 21 (Xinhua) -- Vietnam imported 90,611 completely-built automobiles worth nearly 2.1 billion U.S. dollars from Jan. 1 to Dec. 15, down 16,684 units and down 196 million U.S. dollars over the same period last year.

The imported automobiles included 35,977 vehicles with fewer nine seats, and 41,845 trucks, according to the General Department of Vietnam Customs on Thursday.

In recent weeks, Vietnam has imported more automobiles, especially cars, compared with last month, partly because many local people often buy vehicles before the lunar new year festival which falls in mid-February 2018, experts said.

However, total automobile sales this year are poised to drop against last year, mainly because potential buyers are waiting for lower prices of imported vehicles. Vietnam will next month slash import taxes on automobiles to zero percent in line with the ASEAN Free Trade Area. Enditem