Auto import on the rise. — Photo dantri.com.vn

HA NOI (Biz Hub) — The number of imported cars in October sharply increased in terms of value and volume, according to the General Office of Statistics (GOS).

Viet Nam imported 4,000 completely built units (CBU) worth US$77 million last month, 1,000 units more than in September.

The figures reflect what industry observers have been saying, that the imported car market has been more active in recent months after a sluggish 2012.

According to the Vietnam Automobile Manufacturers' Association, the auto market has grown by 25 per cent in the first ten months of the year, with the completed knocked down (CKD) segment registering an 18 per cent increase.

The GOS estimates that 2,500 cars worth $68 million will be imported this month.

It says a total of 31,000 cars worth $638 million will be imported in the first 11 months of this year, a respective year-on-year increase of 28.3 per cent and 15 per cent. — VNS