Vietnam’s auto demands rise on import tax cut: British expertsMore Vietnamese in urban areas plan to buy cars this year after the tax rate of complete built-up units imported from ASEAN countries fell to zero percent from January 1, experts from the Auto Purchase Index of Financial Times Confidential Research (FTCR) said. The massive influx of made-in-Thailand and Indonesia cars started to reach Vietnamese consumers as many administrative procedures have been removed. Meanwhile, the API for the whole region fell to 56.6 points from 58.4 recorded in the fourth quarter last year. The FTCR ASEAN Auto Purchase survey is based on interviews with 5,000 consumers in Indonesia, Malaysia, the Philippines, Thailand and Vietnam. The FTCR is an independent research service from the UK’s Financial Times, providing analysis and insight into China and Southeast Asia.-VNA