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Vietnam's two-wheeler imports drop almost 48%
StoxPlus, 20 Apr '12
Vietnam's imported two-wheelers were estimated at 12,613 units (worth US$ 20.5 million) in the first three months of this year, making year-on-year falls of 47.7% in volume and 42% in value, the General Department of Vietnam Customs said. Of note, the country's imported two-wheelers sharply increased to 4,776 units for US$ 7.7 million in March, rising 87% on month in volume and up 82.3% on month in value, the customs department's data showed. Italy is the Vietnam's largest CBU two-wheeler supplier in the period with 2,130 units for US$ 5.2 million, accounting for 45% of the country's imported two-wheeler quantity and 70% of the value. Thailand ranks second with 1,978 units and China stays third with 593 units. The Southeast Asia country also spent a total of US$ 197 million to import spare-parts of two-wheelers in the Jan-March period, down 16% on year, including US$ 60 million of March (down 20.7% on month).
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