Vietnam’s Auto Import Up in First 11 Months

Vietnam’s auto import up in first 11 months

HANOI, Nov. 30 (Xinhua) — Vietnam imported 22,000 completely- built automobiles worth 444 million U.S. dollars in the first 11 months of this year, posting respective year-on-year rises of 96 percent, local newspaper Saigon Liberation reported Friday.

In November alone, the country imported 3,500 automobiles, tripling last November, the paper quoted a report of the Vietnamese Ministry of Industry and Trade.

Lower automobile tariffs were mainly attributed to the bigger vehicle imports. Vietnam slashed import tax on cars to 60 percent in October from 70 percent in August and 80 percent earlier.

Vietnam with a population of 84 million currently has nearly 1.1 million private-owned cars, according to the latest statistics from the country’s Transport Ministry.

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