According to Vietnam Automobile Manufacturers' Association, sales of complete knocked-down cars was 19,467 units, accounting for nearly 85 per cent of the total market in last month.
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.
Before an ever-rising pressure of duty at 0% on completely built cars imported from ASEAN nations, which is scheduled to be applicable in next year, many local automobile firms are launching a series of price reduction strategies on locally produced products. TheLEADER's reporter Vu Long interviewed Mr. Pham Anh Tuan, head of the Vietnam Automobile Manufacturers' Association (VAMA)'s Policy Subcommittee on a scenario for Vietnam's automobile industry.
