Companies / Vietnam
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Vietnam Car Price Cut Short-Lived
February 2008 | Industry NewsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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After four import tax cuts during 2007 reduced the traditionally high prices of new cars in Vietnam, it appears that an increase could be back on the cards. A 421% y-o-y increase in the number of imported completely built units (CBUs) in January 2008 alone has prompted the country's Prime Minister to request a new tax policy to cope with the higher level of vehicles on the road and the resulting congestion.