Thailand has become the leading exporter of automobiles to Vietnam in the first four months of this year, with 10,155 units, accounting for 35% of total car imports, according to the Vietnamese Ministry of Industry and Trade.
The increase was buoyed by preferential import tax policies, under Vietnam’s commitments to the ASEAN Trade in Goods Agreement, the Ministry said.
Under the agreement, the import tax on automobiles from ASEAN members to Vietnam would fall from 50% to 40% by 2016, to 30% by 2017 and 0% by 2018.
Vietnam's special consumption tax on cars will fall to 40% from 45% on July 1.
Source : VNA
Keyword : Local car market sees, rise, in Thai imports.
