Business

Prices of cars still remains high because of reduction of import

The Ministry of Industry and Trade said in first two months of the year, the country imported 562 cards worth $35.31 million, deep drop of 96.3 percent on volume and 88. 6 percent on value compared to last year.

Prices of cars still remains high because of reduction of import

Russian-made cars lead the imported vehicles in Vietnam; next by China and the US. The drastic drop of imported cars this time resulted from regulations to tighten the condition of imported vehicles lately.
However, price of imported cars in the Southeast Asian country escalated compared same period last year. French cars is the most expensive, a year-on-year rise of 96 percent while Japanese-made car also rose by 270 percent. The cheapest imported cars including those from South Korea also saw an increase of 63 percent and Thailand with 73.6 percent, except Chinese which has a fall of 31.8 percent.
Lately, there has been no sign that price will fall plus shortage of favorite kinds. However, there isn’t wait-to-see attitude amongst clients any longer; instead, people choose ones at suitable price to meet their demand of traveling.
The Ministry said generally, in first two months of 2018, exports to China climbed by 50.6 percent compared to same period last year earning $5.67 billion accounting for 16.4 percent in the country’s total revenue of commodity export. Exports of telephone and computers, electronic products and accessories reached over billions of US dollar.
Noticeably, the telephone and accessory group has seen the increase of 13 times compared to same period last year with turnover of $1.22 billion accounting for 16.4 percent in total exports to the market.
The computer and electronic product and accessories group also ranks the second on turnover of $1.14 billion, a year-on-year rise of 37.7 percent.

By LAC PHONG - Translated by UYEN PHUONG

Other news