Vietnam spent 752 million U.S. dollars importing automobiles, components and spare parts in the first eight months of this year, a year-on-year rise of 76.9 percent, according to the country's General Statistics Office on Wednesday.
Between January and August, the country imported 14,000 completely-built automobiles worth 271 million dollars, posting respective surges of 62.2 percent and 92.5 percent. Meanwhile, it spent 450 million dollars importing motorbikes, components and spare parts, up 38.8 percent.
Vietnam currently houses 13 automobile joint ventures between foreign firms and local ones with a total registered capital of nearly 700 million dollars and combined annual capacity of 173,000 units. Besides, it has dozens of local enterprises specializing in producing automobile parts and assembling simple vehicles.
Early last year, Vietnam, with a population of more than 83 million, had some 700,000 private-owned cars compared with 17 million motorbikes, according to statistics from the Transport Ministry.
Source: Xinhua
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