The domestic automobile parts industry has failed to reach the set target despite support from the Government, said Nguyễn Thị Tuệ Anh, deputy director of the Central Institute for Economic Management (CIEM).
The Ministry of Industry and Trade (MoIT) will hold bids on the right to use duty quota to import 94,000 tonnes of sugar this year.
This year marked the 51st anniversary of the Association of Southeast Asian Nations (ASEAN) and the 23rd anniversary of Việt Nam’s accession to the bloc.
Last month, Toyota Việt Nam unveiled the recommended retail prices for its first shipment of cars imported from Indonesia at zero tax, and most of them are higher than before the policy of zero tariffs took effect.
A total of 23,065 automobiles were sold in the domestic market in May, up 9 per cent against the previous month, the Vietnam Automobile Manufacturers’ Association (VAMA) said.
The import of automobiles surged suddenly early this month, according to the General Department of Customs (GDC).
Over 2,000 Honda cars from Thailand—the first batches of cars to enjoy zero per cent import duty under the ASEAN Free Trade Agreement (AFTA)—have been imported to Việt Nam.
The Ministry of Industry and Trade (MoIT) has asked the Ministry of Finance to remove the special consumption tax for locally-manufactured auto parts.
Việt Nam, immersed in the positive socio-economic achievements of 2017, started off 2018 on a good omen.
Enterprises with foreign-owned capital (even one per cent) need to register distribution rights before trading goods purchased from other Vietnamese organisations or imported into the country.