Import Tax Upped In Vietnam

Vietnamese Government have decided to raise import taxes for both new and used car imports by 10%. The new rates come into effect at the beginning of April.

After a few years of lowering import taxes to keep vehicle prices down, this year marks yet another change in policy. The government claims they want to restrict the amount of cars being imported and bought to slow down the amount of traffic increases. Traffic jams are at all time intensities, and they feel reducing imports will fix this problem. The real problem is poor urban planning for the only two cities that have real traffic problems: Hanoi, the capitol in the north, and Ho Chi Minh in the south.

Another problem is arising for many importers, not just in Vietnam, but globally. Many countries, like Vietnam, trade in US Dollars. The problem is the value is sinking like a rock and importer who have to wait a month for their consignments to arrive are having a difficult time making profit. I don’t know how longer countries will continue to use the US Dollar, but trade can sure use a switch.

For some more information on import used cars to Vietnam, visit:
Japanese Used Car Exporting.info – Import Help for Vietnam

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One Response to “Import Tax Upped In Vietnam”

  1. Japanese Used Car Importing Weblog Says:

    […] restrict imports of automobiles and automobile components for less than 12-seat cars. Besides the raising of Import Tax done last month, both automobile and automobile components are now on the list of […]

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