Specifically, Vietnam imported 3,408 autos from the region, accounting for 62.8% of the total less than 9-seat autos imported to the country, and 45% of the imported autos in 2016.

The sharp growth in volume of autos imported from ASEAN partially resulted from the import tax on less than nine-seat autos from the region being reduced from 40% to 30% as of January 1st, 2017, in line with the tax reduction itinerary at the ASEAN Trade in Goods Agreement.

The majority of the volume came from Thailand and Indonesia, in which 1,585 units were imported from Thailand, valued at USD31 million, up 55% in volume and 209% in value, and 1,823 units shipped from Indonesia, worth USD35 million. 

Also according to the General Department of Customs, in the first month of the year, the country imported nearly 7,400 CBU (completely-built up) units, valued at USD153 million, up 25.5% in volume and 4% in value from a year earlier./.

BTA