Imported cars to Vietnam surged

In particular, the volume of cars under nine seats imported into Vietnam was nearly three times higher than the same period in 2016. On average, each car imported in March is 10 thousand USD cheaper than imported cars in February.

According to the General Department of Customs, the reason why the number of imported vehicles are increasing rapidly is mainly due to the entry of cheap Indian cars. in addition, car import tax from Indonesia and Thailand decreased from 40% to 30%.