A number of large manufacturers slashed car prices in early October, signaling a fierce race in the Vietnamese auto market.
For many people, the news that automobile manufacturers have paid high amounts of tax to the state in the context of slow auto sales indicates that cars are being sold at sky-high prices in Vietnam.
VOV.VN - The nation imported 6,400 completely built unit (CBU) cars with a total value of US$106 million in September, a decline of 47.5% in comparison to the previous month, according to data released by the General Department of Vietnam Customs.
The People’s Committee of the northeastern province of Quang Ninh on September 22 held a ground-breaking ceremony for an automobile supporting industry complex of Thanh Cong Group JSC.
Vietnam imported 8,800 cars of various types worth US$202 million in August, a surge of 85.6% compared with the previous month, according to a report from the General Department of Customs.
Vietnam spent about US$1.2 billion to import 53,000 completely built unit (CBU) cars in the first eight months of this year.
While local export products have been facing more anti-dumping investigations and tax evasion cases in foreign countries, Vietnamese enterprises are still unaware of the risk.
Vietnam imported 44,973 cars in the first seven months, down 47.5% year-on-year amid a slump in auto demand due to COVID-19.
VOV.VN - Vietnam imported a total of 4,000 completely built unit (CBU) automobiles with a value of US$104 million during July, with the majority coming from Thailand, representing an increase of 6.3% from June.