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Registration fee reduction is about to end, cars are massively imported to the country

Preliminary statistics of the General Department of Customs show that the number of CBU cars imported into Vietnam has increased again.

According to preliminary statistics of the General Department of Customs, in the period of May 1 (from May 1 to 15), the number of CBU cars imported into Vietnam increased again with more than 8,000 vehicles.

Specifically, in the first half of May, Vietnam imported 8,366 vehicles with a turnover of 215 million USD. Thus, the number of imported cars is equivalent to the number of cars in the first half of April (8,329 vehicles).

In which, there are 5,231 cars with 9 seats or less, with a turnover of more than 100 million USD. Particularly, cars with over 9 seats in this period only imported 4 to Vietnam. As for trucks, there were 2,174 units, with a turnover of nearly 72 million USD.

From the beginning of 2022 to the end of May 15, the number of CBU cars imported to Vietnam reached 45,322 units, with a turnover of more than 1.1 billion USD.

According to experts’ predictions, the total amount of cars imported into Vietnam in May (ie until the end of May) is likely to be lower than in April. One of the reasons is that May will expire. policy of 50% reduction in registration fees for domestically manufactured and assembled vehicles. Therefore, people will focus on buying these cars more than imported cars.

According to THY NHUNG (Ho Chi Minh City Law)

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