An auto shop in HCMC (Photo: SGGP)

Government decree dissipates dream of low cost import cars

Government’s recently issued Decree 116, tightening conditions on auto import, guarantee and maintenance services, has dissipated many consumers’ dream of owning low cost cars when the import tariff on products from ASEAN will reduce to 0 percent next year.
 
An auto shop in HCMC (Photo: SGGP)

Auto market waits for import tariff removal

Despite continuous price cuts by auto manufacturers and dealers for the last two months, the market has remained to be gloomy as customers have been likely to wait for price drop to bottom levels when import tariff on products imported from ASEAN will reduce to 0 percent on January 1, 2018.