Illustrative image (Source: VNA)Hanoi (VNA) – A multi-sectorworking team will be set up to evaluate the domestic automobile market incorrelation with global regulations and Vietnam’s free trade agreements.
The team will submit its proposals onmeasures to boost the industry and protect consumers’ interests to the PrimeMinister before May 1, said Deputy Minister of Trade and Industry Do Thang Haiat the Government’s regular press conference on April 3.
Themove also aims to boost the development of support industries for the domesticautomobile industry as it copes with a lack of local content and highproduction costs.
Accordingto the General Department of Vietnam Customs, the number of imported cars in Q12017 increased 44.5 percent year-on-year due to low prices. However, domestic automakersface many difficulties.
Import tax on complete built-up unitsfrom ASEAN countries will be abolished by the start of 2018, following adecline from 40 percent to 30 percent last year, said Hai.-VNA
