Vietnam's trade in automobile, footwear rises sharply in 4 months


Vietnam spent over US$2.7bil importing completely-built automobiles and components for assembly, posting a year-on-year surge of 46.7 per cent. - vov.vn

HANOI (Xinhua): Vietnam's trade in automobile and footwear rose sharply between January and April, according to the country's General Statistics Office on Friday (May 7).

Vietnam spent over US$2.7bil importing completely-built automobiles and components for assembly, posting a year-on-year surge of 46.7 per cent.

Specifically, the country imported 49,360 completely-built automobiles worth more than $1.1bil, up 55.2 percent in volume and 57.2 percent in value, according to the country's General Statistics Office on Friday.

In 2020, total automobile sales in Vietnam stood at 296,634 units, down 8 percent year on year, according to the Vietnam Automobile Manufacturers Association.

Last year, Vietnam spent nearly $6.3bil importing completely-built automobiles and components for assembly, down 14.3 per cent against 2019.

Specifically, the country imported nearly 105,300 completely-built automobiles worth approximately $2.3bil, according to its General Statistics Office.

Meanwhile, in the first four months of this year, the country raked in nearly $6.4bil from exporting footwear, witnessing a year-on-year increase of 18.7 per cent.

The largest importers of Vietnam's footwear products included China, the European Union and the United States.

Over the period, the country also earned more than $1bil from selling handbags, wallets, suitcases, hats and umbrellas overseas, down 2.9 per cent from the same period last year.

In 2020, Vietnam reaped nearly $16.6bil from exporting footwear and over $3.1bil from handbag export, declining 9.6 per cent and 16.9 percent year on year respectively, according to the office. - Xinhua

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