Vietnam’s plan to cut US car tariffs faces limited short-term impact

Vietnam’s plan to cut US car tariffs faces limited short-term impact

While the policy reflects Vietnam’s intent to strengthen trade relations with the US, the real impact on car prices will be modest partly because import tariffs are just one part of the vehicle's cost.

Viet Nam imports nearly 145,000 cars in first 11 months

As of mid-November, Viet Nam spent about US$ 3.24 billion on importing 144,726 cars of all types, up 6.4 percent in value and 5.9 percent in number in comparison with the same period last year, according to the General Department of Viet Nam Customs.
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