2016: the lucrative market of Vietnam!A series of upcoming Vietnam trade agreement signed were gradually cut to 0% for automobile import tariffs. Soon, from 2016, most of origination cars were imported into Vietnam will have a 0% tax rate.1, tax cars in bulk of 0%:Recently, Vietnam and the European Union (EU) has ended negotiations for the free trade agreement (EVFTA). Accordingly, the two sides will remove more than 99% of the import tax lines according to a defined roadmap. In particular, automobile import tax resources from the EU about Vietnam will reduced to 0% after 10 years. Private cars have gasoline engines on the 3.0 L and Diesel engines on the 2.5 L will on level 0% after 9 years.Vietnam also is participating in the negotiations of the economic partnership agreement (TPP) trans-Pacific. According to some sources, when negotiations are finished, automobile import tariffs from TPP member countries will also reduce levels of 0% under the 10 year roadmap. Expected TPP will finalize negotiations at the end of 2015.Meanwhile, from 2018, Vietnam will open auto market for ASEAN countries is member of AFTA, with reduced import tax rates of 0%, have been widely published for a long time and most people are known.So, we can say, by the year 2016, Vietnam's car market will open strongly, for most of the countries have automobile industry leading development such as Germany, Britain, France, Italy (EU Member States), United States of America, Japan ... (TPP), Thailand, Indonesia (AFTA members) and South Korea.Automobile manufacturers looking at Vietnam as a full market potential to export. The growth of automobile market is currently at a level of almost 60% per year.The COMPANIES said the average growth level of 40% per year of the Vietnam auto market can be sustained. This is a very impressive growth rates. In 2016, Vietnam's car market could reach a scale of about 600,000 vehicles, then increased to 1 million in 2030.
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