The Ministry of Industry and Trade (MoIT) is seeking public comments on the draft to finalise the regulations for importing used cars under the CPTPP tariff quota system in Việt Nam.
The entry of importing used cars with nine seats and less will become tighter if the proposal of to lift tariffs by the Ministry of Finance recently is approved.
The price of used cars imported from foreign countries will possibly be
higher than the price of new vehicles following the Government''s new
calculation of import tax from September 1.
Domestic automobile businesses will not be allowed to import used cars,
carriers and special purpose vehicles that have been in use for five
years or more as of January 20.
The Government will increase the import tax rate for used cars of nine
seats or more from June 20 this year, according to the Prime Minister''s
Decision 24/2013/QD-TTg.