Imported vehicles see upsurge in March

April 21, 2011 | 21:00

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According to the General Administration of Customs, as many as 5,727 cars were imported in March 2011, worth $115.5 million.

Infinity G37 imported to Vietnam in late March - illustration photo

Compared to last month, the car imports showed a 53.3 per cent increase in volume and 92.3 per cent in value.

During the first quarter of this year, Vietnamese companies imported a total 15,493 cars, an increase of 62.6 per cent in volume. The import value was worth nearly $278 million, a 72 per cent increase compared to the same period last year.

The Ministry of Finance has just issued a Circular No. 31, which cuts down import taxes from 83 per cent to 77-80 per cent and is applicable to certain types of vehicles from April 23. This move may further boost import of cars from late April onwards.

Meanwhile, the number of imported motorbikes in March was 5,815, worth $5.1 million, an increase of 92 per cent in volume and 67.7 per cent in value compared to the previous month.

SGGP

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