Vietnam truck market is one of the best in China
Wuxi Swif International Trade Co., Ltd. , https://www.swifglobal.com
According to the media, Chinese-made cars have become the "protagonist" of Vietnam's imported vehicle market this year. They not only lead in the total amount of imports, but also stand out in terms of trucks and occupy the majority share of the heavy truck market in Vietnam. Local industry insiders believe that China's heavy trucks and some types of special vehicles have already gained market recognition in Vietnam. With the continuous development of infrastructure construction in Vietnam, the sales market for Chinese trucks in Vietnam will be very broad. 
According to the latest statistics released by the General Administration of Customs of Vietnam, in the first 11 months of 2015, Vietnam imported a total of 22,500 Chinese-made cars, an increase of 115% over the same period of last year. Imports accounted for 21% of the total imported cars in Vietnam during the same period; The total amount of Chinese cars imported reached 869 million U.S. dollars, and the import amount ranked first in Vietnam's car import countries. Ranked by imports, South Korean and Thai-produced cars ranked second and third. Regardless of imports or imports, China has become Vietnam's major car importer.
According to Vietnamese media reports, most of the Chinese cars imported in Vietnam are heavy-duty trucks, followed by some types of special vehicles. Statistics show that the number of China-produced trucks for exports has maintained rapid growth for several consecutive years. Even though Vietnam recently increased a portion of the import tax on trucks, the number of heavy trucks exported from China to Vietnam still maintains a strong momentum. Xinhua International Client learned that the Broadwood wood processing and transportation company in the broad province of Vietnam purchased a fleet of 141 "FAW" and "Dongfeng" brand Chinese trucks, including 32 tons and 22 tons of two load capacities. The total amount is 1950 billion VND (about 58.5 million yuan). The person in charge of the company said that the company strictly abides by the government's requirement of non-overloaded transportation and invested heavily in new trucks to replace the existing ones. The reason why Chinese products are chosen is because of their high performance-to-price ratio, and their performance in all aspects Company needs. 
According to people in the Vietnamese industry, China's heavy trucks have been selling well in the Vietnam market in recent years. The main reason is that the products are more cost-effective. Specifically, the sales price of heavy trucks in China is much cheaper than those of Japan and South Korea, and the performance of Chinese cars is more suitable for the road conditions in Vietnam. Maintenance is also relatively convenient, making Chinese heavy trucks very popular in the Vietnamese market. Xinhua International Client understands that even though domestic automobile companies in Vietnam can also assemble most types of trucks, due to the small number of production and the high cost, they have no advantage in selling prices compared to Chinese cars. Market share is still small.
The Vietnamese media reported that even though the Vietnamese government raised the import tax on trucks to support domestic automobile manufacturers, the cost of Vietnam's imports of Chinese cars will increase, but the overall advantages of Chinese cars will remain, and the sales momentum will not be affected. Great influence. The continuous development of Vietnam’s infrastructure construction will make the market’s demand for heavy trucks continue to flourish. If Vietnam’s domestic auto companies do not take steps to reduce production costs and improve product competitiveness, then the “big cake†in Vietnam’s heavy truck market will eventually be foreign companies’. .