Vietnam imports most cars from Thailand over 11 months

Statistics show Thailand sold 50,144 cars worth more than US$1.07 billion to Vietnam, down by 18% in volume and by 22% in value compared to the same period last year.

Indonesia and China were the second and third largest car suppliers, selling 40,474 units (down by 36.7%) and 9,843 units (down by 39%) respectively in the reviewed period.

Vietnam spent US$192 million importing 7,508 cars in November alone, representing decreases of 21.9% in volume and 24.3% in value.

Overall, the past 11 months saw businesses purchase 111,278 units worth more than US$2.6 billion, down by 26.6% in volume and 22% in value.

Meanwhile, domestic manufacturers churned out 308,600 units over 11 months, down by 15% year on year.