(MENAFN) Vietnam witnessed a y-o-y growth of 64.5 percent in automobile imports from Thailand through the first three months of the current year, based on reports.
Throughout the period, Thailand was top supplier of autos to Vietnam with around 7,800 units, followed by the Republic of Korea (RoK) with nearly 3,560 units.
The significant jump in Thai auto imports into Vietnam was due to the application of preferential import tax offered by the ASEAN Trade in Goods Agreement (ATIGA).
However, in the cited period, Vietnam spent USD486 million on importing more than 19,700 autos, down 16.8 percent in value and 21.2 percent in volume year-on-year.
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