Viet Nam sees increase in imported cars
23/05/2011 171
Most viewed articles
VNEconomyNews.com - Vietnam's General Department of Customs has reported that 21,406 foreign-made cars worth US$392 million were imported in the country during the first four months of the year, an increase of 63% in volume and 72% in value compared to the same period last year.
In April alone, 5,546 cars was imported, worth $113 million, a slight decrease of 2-3% in volume compared to the previous month but an increase of 58% in volume and 85% in value compared to the same period last year.
Recently, the Ministry of Industry and Trade issued Circular No.20 to ask Vietnamese businesses to get import licenses to buy small cars, less than nine seats. They also need to maintain documents to prove they are genuine distributors. The Circular will be in effect from June 26.According to car importers, most car showrooms do not comply with regulations.
May 19th, 2011
Source: vneconomynews.com
- MoIT tightens 'Made in Viet Nam' criteria to combat trade fraud
- Global growth is slowing to lowest level since pandemic, says World Bank
- AFF 2026 - Strategic platform for shaping ASEAN’s long-term future: Malaysian scholar
- Fishermen’s associations help drive efforts to lift EC’s IUU ‘yellow card’
- Steady start and major breakthrough for Viet Nam's private economy