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Toyota follows Ford to suspend production in Vietnam due to coronavirus

Toyota Vietnam has temporarily shut down plant in Vinh Phuc province since March 30 due to coronavirus pandemic.

Ford shuts down plant in Vietnam due to coronavirus

Ford is temporarily suspending production in its factory in Hai Duong province from March 26 in response to coronavirus.

“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.

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.

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92.84 0.12 0.13
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Volume: 113,933,600 Value: 3,628 (Billions VNĐ)