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Prices of imported cars reduced after obstacles gradually being removed

Prices of Honda Vietnam’s 2,000 automobiles recently imported from Thailand have been announced to be thousand dollars lower than those of the previous shipments as the import tariff on automobiles has been reduced to zero per cent.

Only 500 CBU vehicles imported in the first two months into Vietnam

In the first two months of 2018, CBU (completely built-up) vehicles imported in Vietnam dropped sharply, equivalent to 3.5 per cent in number and 11.5 per cent in value compared to the same period last year.

Government responds to the Decree 116 on harnessing automobile import

The incurring matters of the Government’s Decree No. 116/2017/ND-CP as well as the unavailable circular guiding the Decree have caused many difficulties to automobile importers.

Customs bodies to publicize price and origin of imported cars once a week

Due to insufficient information on the imported cars provided by customs departments, Director General of Vietnam Customs Nguyen Van Can has requested the functional bodies under Vietnam Customs and the local customs departments once a week to publicize the information such as price, quantity, type of automobiles imported into Vietnam since 2018.

“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.

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