tariff cut

Update news tariff cut

How expensive are cars in Vietnam?

Foreign-invested automobile manufacturers have denied a MOIT report about Vietnam’s automobile industry that says assembled-in-Vietnam cars are twice as expensive as Thailand’s and Indonesia’s.

Low-cost car manufacturers can’t find opportunities in Vietnam

VietNamNet Bridge - Though demand for low-cost cars in Vietnam is high, low-cost car manufacturers have failed to enter the market.

Vietnamese auto market: expensive cars sell better

VietNamNet Bridge - For most Vietnamese consumers, a house and car are two of the most valuable assets.

Vietnamese automakers dream of cars rolling on streets of Myanmar, Philippines

Vietnamese auto manufacturers are trying to increase the localization ratios in their products in order to enjoy preferential tariffs when exporting their cars to ASEAN countries.

Assembled-in-Vietnam cars are twice as expensive as Thailand’s

Car prices in Vietnam are nearly two times higher than in other countries in the region such as Thailand and Indonesia, and much higher than in countries with developed automobile industries such as the US and Japan. 

Car market to see changes with new regulations

The domestic market will open more widely to foreign cars as enterprises now will not be required to submit as many documents as they did before, as stipulated in Circular No 20/2011.

The back-up plan of domestic automobile manufacturers

Contrary to all predictions, automobile manufacturers have set modest targets for this year’s business plans. After a two-year boom, the automobile market is expected to be more quiet in 2017.

How cheap will cars be once tariffs are cut to zero percent?

VietNamNet Bridge - The tariff cut to zero percent will pave the way for imports from ASEAN to flood Vietnam, but analysts do not think low-cost cars will be available by 2018. 

Vietnamese packaging firms feel the heat

VietNamNet Bridge - Vietnamese packaging firms, especially small and medium sized, have to compete with foreign firms which have advantages in technology and financial capability, and must rely on imported materials.

Cheap imported fruits preferred over domestic products

VietNamNet Bridge - More Vietnamese are buying imported fruit, which have become surprisingly inexpensive.

Vietnam’s footwear industry threatened by automation

VietNamNet Bridge - After five years of implementing a master plan on the footwear industry by 2020, Vietnam still mostly does outsourcing for foreign partners. 

Vietnamese auto manufacturers swim against the stream

VietNamNet Bridge - Thanh Cong and Truong Hai are determined to export cars, despite a cut in import tariffs on cars scheduled to take effect in 2018. 

Foreign goods enter domestic market via trade liberalization

VietNamNet Bridge - Though made-in-Vietnam goods are becoming more popular, foreign goods still hold the upper hand in the home market.

Tariffs are cut, import prices fall, but cars are still pricey

VietNamNet Bridge - Despite tariff cuts and low import prices, Vietnamese still have to pay high prices to buy cars because of high taxes and fees.

Indian cars cheapest, French most expensive in Vietnam

VietNamNet Bridge - While Indian cars are cheap with the average import price of VND84 million, French autos are the most expensive with the average import price of VND1.3 billion.

Will low-cost cars flood the Vietnamese market?

VietNamNet Bridge - The tariff cuts applied to imports from ASEAN and the luxury tax based on cylinder capacity are expected to encourage the import of more low-cost models. 

Is a high localization ratio reasonable for Vietnam’s auto industry?

Despite failure in developing an auto industry in the last two decades, Vietnam still dreams of building an industry of its own. 

Vietnamese businesses not eager to export to ASEAN markets

VietNamNet Bridge - ASEAN, together with China, should be the most important partner for Vietnam. However, Vietnamese enterprises are not keen on exporting their products to the market.

Chinese farm produce with zero tariff puts pressure on Vietnamese products

VietNamNet Bridge - Thousands of products from member countries of the ASEAN-China Free Trade Agreement (ACFTA), including China, will enjoy a preferential tariff of zero percent.

Vietnam’s jewelers struggle to penetrate ASEAN market

VietNamNet Bridge - Though the ASEAN jewelry market is large, Vietnamese companies are struggling to enter the market worth billions of dollars.