HÀ NỘI — Việt Nam imported more than 6,900 cars worth US$171 million in July, recording a drop of 11.2 per cent in volume and 2.6 per cent in value compared with the previous month. The number of cars imported from South Korea was 519 units, down 123 units. Meanwhile, there was an increase in the volume of cars imported from Indonesia last month, with 2,108 units imported to Việt Nam, more than 300 units higher than the previous month. “The establishment of concentrated automobile industry complexes is very important as it will create conditions for the industry’s development in Việt Nam,” Tuấn said. Nguyễn Thị Xuân Thúy from the MoIT’s Policy and Strategy Institute said Việt Nam’s automobile market was a potential market, thanks to its population and high GDP growth rate.

Source: Viet Nam News August 11, 2017 10:30 UTC