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.

Imported cars flood local market despite of poor purchasing power

Vietnamese firms spent over 903 million USD in the first quarter importing 41,780 completely-built-up (CBU) cars, according to a report by the General Statistics Office (GSO).
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