BMI View Endorsed As Government Moves To Limit Car Imports

The Vietnamese government is once again targeting the imported vehicle segment, which backs BMI's forecast that the sector will grow 20% this year if left unrestricted, as it looks to reduce its budget deficit. Official data show that import revenues on vehicles with less than nine seats rose by 44.7% year-on-year (y-o-y) in the first four months of the year to US$106mn. The value of imported car parts used in local assembly also rose by 129% to

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