Local car market sees rise in Thai imports

Thailand has become the leading exporter of automobiles to Vietnam in the first four months of this year, with 10,155 units, accounting for 35% of total car imports, according to the Vietnamese Ministry of Industry and Trade.

The increase was buoyed by preferential import tax policies, under Vietnam’s commitments to the ASEAN Trade in Goods Agreement, the Ministry said.

Under the agreement, the import tax on automobiles from ASEAN members to Vietnam would fall from 50% to 40% by 2016, to 30% by 2017 and 0% by 2018.

Vietnam's special consumption tax on cars will fall to 40% from 45% on July 1.

Car sales record 42% annual surge in April

Car sales in Vietnam were posted at 25,725 units in April, soaring by 42% from a year earlier, according to the Vietnam Automobile Manufacturers’ Association (VAMA).

Car sales record 42% annual surge in April

Car sales in Vietnam were posted at 25,725 units in April, soaring by 42% from a year earlier, according to the Vietnam Automobile Manufacturers’ Association (VAMA).

Tentative car purchase quota scheme worries Hanoians

Hanoians’ dream of owning cheaper cars after the tax cuts under the ASEAN Free Trade Agreement (FTA) may be dashed as local authorities are considering applying a quota scheme in an effort to restrict the number of cars in circulation.