According to the Regional Customs Office II, in the first nine months of 2025, the agency processed import procedures for 54,316 vehicles, with a taxable value of $1 billion. Compared to the same period in 2024, the number of imported vehicles increased by 10.86% (equivalent to 5,320 units), while the value rose by 15.34% (equivalent to $135 million). The total tax revenue contributed to the state budget reached 16,167 billion VND, an 18% increase (2,428 billion VND more).
A representative from the Saigon Port Area II Customs Office (Hiep Phuoc Port) stated that the most imported car brands this year are Toyota and Mitsubishi, primarily sourced from Indonesia and Thailand—two markets benefiting from a 0% import tax under trade agreements. Additionally, luxury brands like Mercedes-Benz and others are still imported, though in smaller quantities compared to mainstream vehicles.
Customs officers processing vehicle import procedures
Explaining the strong growth in vehicle imports despite stagnant domestic consumption, customs representatives noted that most imports are based on pre-signed contracts, typically planned annually and delivered as scheduled. “Many businesses that cannot sell all imported vehicles re-export them to third markets. Currently, the inventory of vehicles in storage yards and warehouses remains substantial,” they added.
Beyond automobiles, the taxable import turnover for machinery, equipment, tools, and spare parts reached $5.4 billion, a 29.65% increase (equivalent to $1.24 billion). Within this, the import turnover for computers, electronic products, and components totaled $1.581 billion, up 17.47% (equivalent to $235 million). Tax revenue from this category reached 4,105 billion VND, a 16% increase (562 billion VND more) compared to the same period.
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