According to statistics from the General Department of Vietnam Customs, in October 2024, the number of completely built-up (CBU) cars imported decreased by 3.8% compared to the previous month. Specifically, the import volume of CBU cars in October reached 17,706 units (compared to 18,405 units in September).
The main car import markets in October were Thailand with 6,837 units (down 20% from the previous month), Indonesia with 6,803 units (down 3.9%), and China with 2,617 units (up 9.1%).
 Chinese Cars Flood the Market
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Accumulated in the first ten months of 2024, the total number of CBU cars imported into Vietnam was 142,794 units, up 37.5% over the same period last year. Of these, 9-seat cars and below accounted for 117,358 units, an increase of 39.6%, while commercial vehicles accounted for 12,498 units, a decrease of 4.6%.
In terms of quantity, in the first ten months of 2024, Indonesia emerged as the leading market with 57,693 cars sold to Vietnam, followed by Thailand with 54,481 cars, and China with 24,613 cars.
Notably, in previous years, the number of Chinese cars sold in Vietnam was only around 10,000 units annually.
The significant increase in Chinese car imports can be attributed to the recent official entry of several Chinese car brands into the Vietnamese market, including MG, BYD, GAC, Haval, Aion, Lynk & Co, Jaecoo, Chery, Wuling, and Omoda, to name a few.
Nguyen Hai
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