* China - Auto exports to Vietnam nearly triple, thanks to heavy truck sales
-- China has become Vietnam’s top source of automotive imports this year, surpassing the previous top exporter, South Korea... A crackdown by the Vietnamese government on a persistent problem of overloaded trucks that damage roads has also helped spur demand for low-cost heavy trucks from China even as demand for sedans made in South Korea and Thailand continues to grow... Vietnam imported 8,856 Chinese-made motor vehicles in the year through April, up from 2,274, or a 289 percent increase, from the same period last year, according to Vietnam Customs data posted Friday. Meanwhile, South Korea exported 7,744 vehicles in the first third of the year, up 48 percent from 5,231 in the same period last year. Vehicles made by foreign automakers in Thailand exported to Vietnam grew 165 percent, to 6,854 units... The most popular imported heavy truck in Vietnam is Toyota’s Chinese-made Hino, produced under a joint venture with China’s GAC. But peppered into the Vietnamese truck market are Chinese brands like JAC and C&C... While experts to Vietnam grew on demand for heavy trucks, China’s overall automotive exports have continued to decline this year, after dropping 7 percent to 910,400 units last year, according to the China Association of Automobile Manufacturers...
(Photo from Reuters, by Fabian Bimmer - The logo of Chinese truck maker Dongfeng is pictured at the IAA truck show in Hanover, Germany, Sept 23, 2014. China's southern neighbor Vietnam has been importing a lot more Chinese-made heavy trucks this year) -- China - IB Times, by Angelo Young - May 18 2015Labels: truckmakers news China
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