High import taxes on auto components and parts, packaging and logistics expenses are major reasons behind locally-assembled cars costing 10-20 per cent higher than imports from Thailand and Indonesia.
Viet Nam Business Forum (VBF) 2016 has proposed the Government remove import taxes on auto components and parts which are not yet produced in Viet Nam.
Prime Minister Nguyen Tan Dung has issued a decision regarding the
mechanisms and policies needed to implement the strategy for Viet Nam''s
automobile industry development through 2025, with a vision toward 2035.
