All cars of ASEAN origin imported into Vietnam will enjoy a tax-free policy until the end of 2027.

The number of completely-built-up (CBU) automobiles imported in Vietnam during the January-November period hit some 144,726 with a value of US$3.2 billion, rising by 5.9% in volume and 6.3% in value year-on-year.

Indonesia overtook Thailand as it grew to become the largest auto supplier to the Vietnamese market in September, according to data given by the General Department of Vietnam Customs.

The import tariff on European car imports will be decreasing gradually by 7 percent per annum. It will take at least five years to see considerable price decreases.

Vietnam's localization rate for passenger cars of under nine seats is 7 - 10%, much lower than the target of 35 - 45% set for the car industry 20 years ago.

Vietnam imported up to 140,000 cars in 2019 worth a total USD3.16 billion, up 84% on-year, with the majority from Indonesia and Thailand.

Vietnam’s active participation in multilateral and bilateral trade agreements created a pathway for improvements in the country’s business environment and support local enterprises to grow.

Nguyen Dang Thao, 45, former general director of HCMC-based Euro Auto, was given nine years behind bars for falsifying the prices of 91 BMW cars in import documents, evading US$275,000 in import tariffs.

VietNamNet Bridge - Removing import tariffs on car imports from Japan is an important issue put on the table of the ongoing negotiations for Trans Pacific Partnership Agreement (TPP).

VietNamNet Bridge – Viet Nam is likely to spend US$1.5 billion on auto imports for the entire 2014, the highest level so far in Viet Nam's history.

 VietNamNet Bridge – Vietnamese policy makers and automobile manufacturers these days incur the heavy criticism from the public which is disbelief about the news that Cambodia has successfully made electric cars.

 VietNamNet Bridge – Viet Nam's automotive industry could face major collapse under commitments to the ASEAN Free Trade Area (AFTA) which will abolish auto import taxes in 2018.

 VietNamNet Bridge – Analysts have noted the car imports to Vietnam recently are mostly luxurious models and they are from ASEAN countries.