Vietnam Considering Lowering Import Tariffs for Certain Auto Parts

Vietnam is planning to introduce tax measures to support its domestic auto industry, including reducing import tariffs for certain auto parts and accessories, according to a Dec. 9 report from Customs News, the customs agency’s mouthpiece. The country plans to introduce the changes in December to create “more favourable conditions and incentives for enterprises and industries supporting automotive manufacturing and assembly.” The proposed changes would eliminate import tax rates on certain auto parts, the report said.