Viet Nam imported 10,100 completely built units (CBU) cars worth US$180
million in the first quarter, up 44.1 per cent in volume and 32.2 per
cent in value year-on-year.
Boasting more than half a billion people, abundant natural
resources, and a strategic geographical location, the Association of
Southeast Asian Nations (ASEAN) has the potential to become a leading
global economic force in the near future.
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.
