ASEAN-made car imports to  People look at a City car made by Honda Vietnam at the company's showroom in Ho Chi Minh City. Tuoi Tre Members of the Sales of domestically assembled cars in the 17 months only rose 27 percent, while imported cars posted a 66 percent growth in the same period, according to the VAMA. Such a huge disparity was also recorded in separate months, the association added. In July, the growth of imported cars was 62 percent, compared to 24 percent for those assembled in Cars manufactured in ASEAN countries account for a considerable amount of the vehicles sold by VAMA businesses, as they are subject to a 50 percent import duty, instead of the usual 60 percent. ASEAN is a ten-member bloc which includes such Southeast Asian countries as Ford The VAMA businesses only sell made-in-Thailand pick-up trucks, as the vehicles are only subject to a 5 percent import duty. Some Vietnamese carmakers admitted that they mostly import cars from Passenger cars with fewer than 24 seats, 40 percent of whose parts are manufactured by ASEAN countries, are currently subject to a 50 percent import duty. The rate will be lowered to zero in 2018, under the Common Effective Preferential Tariff agreement. Industry insiders say it is more profitable to sell imported cars than those that are domestically assembled. Kazuhiro Yamana, general director of Vinastar, said three out of the four models his company sells are imported from Vinastar is poised to introduce two new products, the Attrage and Outlander Sport, to Tomohiro Maruno, director of sales of Honda Vietnam, also said automobile businesses would rather import cars than manufacture them here. Cars manufactured or assembled in Maruno said Tuoi Tre news |
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