Imports, domestically-assembled cars in battle for market shareVietNamNet Bridge - Imported CBU (completely built unit) cars are expected to flood Vietnam, as domestic automobile manufacturers prepare to launch new models. Domestic automobile manufacturers plan to launch new modelsThe Ministry of Transport (MOT) has stirred up the market by accepting an Indonesian Vehicle Type Approval (VTA) certificate. Prior to that, a large quantity of Thailand sourced cars were reportedly docked at Vietnam’s ports, ready for delivery after customs clearance. While importers rush to import cars, domestic automobile manufacturers have geared up with their production plans. “Imports only have one advantage – the zero import tariff which makes imports cheaper.

Source: VietNamNet News April 02, 2018 01:52 UTC