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Vietnam CBU automobile import surges again: GSO
2011-0505
After the first two months of tumbles, Vietnam's CBU (complete-build-unit) automobile import started to surge again.
The figure from general Statistical Office (GSO) showed in March, Vietnam imported 5,700 CBU cars worth $115 million, increasing against the previous month with 2,000 units for $55 million.
Thus, this official figure is quite higher than the previously estimated figure by the end of March. In particular, the difference between the estimated and official figures is 700 units worth $15 million.
Totally till the end of the first quarter this year, the country's total volume of CBU car import has reached 15,500 units valued at $278 million.
As estimated, in April, there will be 5,500 CBU cars to be imported capitalised at $122 million. Therefore, in Jan-Apr, Vietnam's import spending for CBU cars is estimated to have reached 21,000 units for $400 million.
Thus, the recovery of CBU car import partly came from the re-stability of the foreign exchange market and the psychology to the problem of car price.
However, as forecasted, in the near future, it will be likely that import spending on CBU car may be slowed and even go down in the light. The reason is attributed to the decrease in supply from the world car market, especially, the twin-disaster of tsunami and earthquake, the leading country in the world auto industry.
The figure from general Statistical Office (GSO) showed in March, Vietnam imported 5,700 CBU cars worth $115 million, increasing against the previous month with 2,000 units for $55 million.
Thus, this official figure is quite higher than the previously estimated figure by the end of March. In particular, the difference between the estimated and official figures is 700 units worth $15 million.
Totally till the end of the first quarter this year, the country's total volume of CBU car import has reached 15,500 units valued at $278 million.
As estimated, in April, there will be 5,500 CBU cars to be imported capitalised at $122 million. Therefore, in Jan-Apr, Vietnam's import spending for CBU cars is estimated to have reached 21,000 units for $400 million.
Thus, the recovery of CBU car import partly came from the re-stability of the foreign exchange market and the psychology to the problem of car price.
However, as forecasted, in the near future, it will be likely that import spending on CBU car may be slowed and even go down in the light. The reason is attributed to the decrease in supply from the world car market, especially, the twin-disaster of tsunami and earthquake, the leading country in the world auto industry.
Source: Vietbiz24
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