Floodgates could open as Honda imports carsAfter stopping car exports to Viet Nam for more than a month, Japanese auto giant Honda Motor suddenly decided to import around 2,000 vehicles from Thailand in early March. It requires all models of imported vehicles to obtain a Vehicle Type Approval certificate from authorities in the exporting countries. This was because after Honda, other companies would also be able to receive similar certificates like Honda to bring their cars back to Viet Nam. Because of this, car imports from other countries such as Indonesia and Malaysia are also expected to soon come to Viet Nam. Analysts said overseas remittances would continue to provide a vital impetus to the economy, especially to the property sector.

Source: VietNamNet News March 12, 2018 04:30 UTC