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Toyota reveals its first import batch of 1,000 cars enjoying zero percent under AFTA

According to a representative of Toyota Vietnam, its first batch of duty-free cars could not reach Vietnam until this June.

“New barrier” on automobile import

The Government’s Decree No. 116/2017/ND-CP which came in full force and effect on January 01, 2018, is viewed as a “new barrier" to protect domestic automobile industry from the automobiles imported from ASEAN entitled to a zero per cent tariff, according to automobile importers and exporters.

VAMA Chairman: "It is forecasted in 2018 the demand for CKD automobile models will increase"

According to Toru Kinoshita, chairman of Vietnam Automobile Manufacturers' Association (VAMA) cum president of Toyota Motor Vietnam, under the impact of some conditions regulated in Decree 116, auto companies may face difficulties and have to postpone Complete Built Up (CBU) importation.

As taxes fall to zero, automakers race to offer discounts

A series of cars in the Vietnam market such as Chevrolet Vietnam, Truong Hai (THACO) and Toyota are offering discounts.

Competition in automobile market fiercer than ever

The auto market in Viet Nam is becoming more competitive when car firms drop prices to promote consumption in the context of ASEAN’s new tariff cut and the government’s tax policy changes.

How expensive are cars in Vietnam?

Foreign-invested automobile manufacturers have denied a MOIT report about Vietnam’s automobile industry that says assembled-in-Vietnam cars are twice as expensive as Thailand’s and Indonesia’s.

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