Ministry Prepares Carmakers For FTA Competition

With vehicle imports set to surge when tariffs are removed under the ASEAN Free Trade Agreement (AFTA) in 2018, Vietnam's Ministry of Industry and Trade (MOIT) is looking to make the domestic industry competitive in the meantime. BMI sees an underdeveloped supplier segment as a major area for concern, which will be addressed through higher import tariffs on parts that can be made domestically. Higher rates will also be applied to vehicles imported as completely built

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