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, according to the General Department of Vietnam Customs.
The European Chamber of Commerce in Vietnam (EuroCham) proposed the Government to apply a 50% registration fee reduction to all automotive assembly firms, importers and dealers of new vehicles.
Sales of imported automobiles recorded a year-on-year leap of 234 percent to about 32,000 vehicles in the first quarter of this year, announced the Vietnam Automobile Manufacturer Association (VAMA) on April 10.
Almost 28,900 cars were sold in Vietnam in October, up 21% from the previous month, according to the Vietnam Automobile Manufacturers Association (VAMA).
The import of vehicle surged in the first week of June and most of the imported cars were from Thailand, according to the General Department of Vietnam Customs.
While erecting technical barriers to hinder the flow of imported cars, Vietnam plans to cut taxes imposed on locally-made vehicles to boost its auto industry.
The country's lack of auto parts suppliers means many components have to be imported and the added costs are passed on to consumers.
The price of small imported cars may go down sharply in the next four years given the adjustment in taxes levied on them following the commitments of Vietnam to join multiple regional and international free trade agreements, local media reported, citing the information provided by the Tax Policy Department in a recent press meeting.
Imported cars are expected to become more expensive by around 5 per cent if the finance ministry's draft plan to adjust the calculation of special consumption tax on imported automobiles is approved.
Vietnamese people have shown that they favor imported cars over locally assembled vehicles, as the debate about whether the local automobile industry can withstand a possible collapse after 2018 has not ended.
August marked the 17th month in a row of automobile sales growth, with 12,562 cars sold, a 59% year-on-year increase, according to the Vietnam Automobile Manufacturers’ Association (VAMA).
(VOV) - According to statistics from the automobile sector, in the first five months of the year, sales of imported cars increased by 75%.
(VOV) - Vietnam imported 3,400 complete built unit (CBU) cars in September, up 61.9% from a month earlier.
(VOV) -Vietnam has imported 22,000 automobiles worth more than US$408 million in the first 8 months of 2013, up 21.9% in volume and 5.7% in value on the comparable period last year.