After VinFast initiated its ‘blockbuster’ strategy on developing electric cars, a number of automobile manufacturers have imported electric cars to sell in the domestic market.

Automobile importers in Vietnam will no longer have to obtain a Vehicle Type Approval (VTA) certificate from authorities in exporting countries, making it easier for them to import cars into the country.

Vietnam has become a large market which earns billions of dollars for Thai and Indonesian manufacturers each year.

VietNamNet Bridge - The tariff on CBU (complete built unit) car imports from ASEAN will be cut 30 percent in January, but consumers are concerned that selling prices will remain the same. 

VietNamNet Bridge - Car importers are anxiously awaiting a new rule from the MInistry of Transport.

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 The Finance Ministry on December 3 issued an order amending the vehicle import tariff, in keeping with Vietnam's commitment to the World Trade Organisation (WTO) on tax reduction.

 VietNamNet Bridge – The Ministry of Finance (MoF) has allowed the overseas Vietnamese people (Viet Kieu) to import automobiles as movable assets when they return to the country.

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 VietNamNet Bridge – From 2018, the import tariffs on the car imports from the AFTA zone under the mode of complete built unit (CBU) will be lowered to zero percent. This will make imports cheaper than domestically assembled cars.