According to the United States "International Economic Times" May 19 news, China has now replaced South Korea as Vietnam's largest exporter of automobiles. The accelerated development of the Vietnamese economy has stimulated the auto import business.
　　
According to the latest Vietnam Customs data released, in April this year, Vietnam imported a total of 8856 vehicles made in China, an increase of 289% compared with 2274 vehicles in the same period last year. In addition, data are also available showing that South Korea’s imports of vehicles from China increased by 48% to 7,744 vehicles from 5,231 vehicles last year.
According to foreign media analysis, the Vietnamese government has restricted overloaded trucks, and thus reducing damage to the highway is one of the reasons for the popularity of Chinese cars in the Vietnam market. In an interview with the media, Minister of Planning and Investment of the People's Republic of China Rui Guangrong said: "The increase in truck imports indicates that the Vietnamese economy is recovering and the public needs more vehicles to meet the transportation needs."
Sino-Japanese joint venture Hino heavy truck is most popular in Vietnam, in addition to Jianghuai Automobile, etc. In the fierce competition with many well-known European and American and Japanese and South Korean automobile famous brands, Chinese trucks represented by Sinotruk can continue to be in Vietnam for many years. The market is at the top of the list. Its excellent quality, reasonable pricing and excellent after-sales three-package services are obviously the winning formula for Chinese trucks.
James Chao, Managing Director of IHS Automotive’s Asia Pacific region in Shanghai, said: “The auto market in Southeast Asia is highly fragmented, mainly due to the wide variation in growth among countries in Southeast Asia. The auto demand market in Thailand and Indonesia has been relatively Weak, but Philippine car demand has been particularly strong.†In addition to heavy trucks, motorcycles are also a common mode of transportation in the Southeast Asian automotive market, but this approach will be gradually replaced.
Although Vietnam is one of the largest auto export markets in China, it has to be pointed out that there are relatively few autonomous auto brands in China. Most of the auto exports to Vietnam are exported to joint ventures with Toyota, General Motors, PSA Peugeot Citroen and BMW. These manufacturers use China as a production base for the export of some of their products.
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