Automobiles entering Vietnam last week were mostly manufactured in Thailand with 2,122 units.
HSBC’s new service is expected to shorten customs procedures for import – export activities of businesses, reduce storage costs and enhance the overall customer experience.
Last week, the number of automobiles imported to Vietnam reached 3,065 units, nearly 60 per cent higher than the previous week.
Pomina Steel JSC stressed that it does not import prohibited goods and it is working with the shipment's owner and the authorities to clarify this issue.
In spite of overcoming tightened harness straps of pollution emission and customs inspection specified in Decree No. 116, the number of duty-free cars imported from ASEAN remains still very limited, causing Vietnamese buyers unable to buy low-cost car in this month as expected.
Corrosion-resistant steel and certain cold-rolled steel flat products delivered from Vietnam but originated in China are subjected to import duties up to 200 percent due to evading the U.S. anti-dumping and countervailing duty orders, according to conclusive decisions just declared by the U.S. Department of Commerce
The Decree No. 116 leading to a continuous downward trend for import cars has created opportunities for brands like Nissan, Mazda or Kia to increase their prices as consumers preferences change to locally assembled car.
According to a representative of Toyota Vietnam, its first batch of duty-free cars could not reach Vietnam until this June.
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.
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.
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.
From January 1st, 2018, the tax on imported cars will increase by thousands of dollars as the application of a new decree, hindering the entrance of used cars to Vietnam.
Refrigeration Electrical Engineering Corporation (REE) and Ecology Developmentand Investment JSC, a subsidiary of Vingroup, have been named as qualified investors that will participate in the auction of a 51 per cent stake in Vinaconex Water Supply JSC (Viwasupco), which is owned by Vietnam Construction and Import - Export Corporation (Vinaconex).
In the first nine months of 2017, Vietnam imported 10.4 million tons of coal with the import turnover of US$1.03 billion while the export turnover only reached $207 million, according to the General Department of Customs.
