Auto imports plummet over Government’s Decree 116Automobile imports in Viet Nam plummeted in the first month of 2018, also the time before Tet (Lunar New Year) holiday. In 2017, Indonesia was among the top countries after Thailand with the highest number of exported cars to Viet Nam. However, in January this year, both the countries did not export any car to Viet Nam. 116/2017/ND-CP on car manufacturing, assembly, importation and warranty offering, a move that came into effect from January 1, 2018, and tightened car imports. The letter claimed that four automakers — Toyota, Suzuki, Daihatsu and Hino — had stopped the planned production of 9,337 vehicles bound for Viet Nam.

Source: VietNamNet News February 26, 2018 05:15 UTC