Vietnam Considering Loosening Auto Import Restrictions
Vietnam plans to revise regulations to loosen restrictions on certain auto imports to help its domestic car industry, according to a Sept. 9 report from Vietnam Customs’ mouthpiece CustomsNews. The revised regulations may change when certain car imports are inspected…
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to help “improve quality and lower production costs to increase competitiveness,” the report said. Vietnam is also considering lowering import tariff rates on car parts and not applying a “special consumption tax for automobiles which are locally-produced,” in an effort to lower prices of domestic vehicles and increase competitive pricing, the report said.