Vietnam Import US$991 Mln Auto, Auto Spare Parts in Jan-April
Vietnam is estimated to have spent US$991 million importing automobiles and spare parts in the first four months this year, up 333.2 per cent on-year, said the government-run General Statistics Office (GSO) on May 6.
The country bought 28,000 finished automobiles valued at US$483 million during the period, up 651.2 per cent on year in volume and 471.3 per cent in value,
www.toquoc.gov.vn said.
In April, 7,000 completely-built cars worth US$113 million were imported, up 2,000 units on month, bringing the total import value of CBU cars and components up to US$253 million in the month.
The domestic car market has heated up after the Ministry of Finance decided to increase auto import tariff to 83 per cent, which took effect from April 22.
The ministry has five times changed car import tax rates over the last 16 months, which has made tax policies unpredictable and caused difficulties for manufacturers and importers.
The changing tax policies showed that state management agencies do not have a long-term vision when making policies, while they just make decisions to deal with problems at different times.
Vietnam is currently home to 13 foreign-led automobile joint ventures, which have a combined registered capital of nearly US$700 million and an annual capacity of 173,000 units. (www.toquoc.gov.vn)
Vietnamese
