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Viet Nam Zero Tariff On Imported Cars, China Affected You?
Edit: Danyang Weilin Automobile Parts Co.,Ltd    Date: Jul 11, 2016

Last year, Viet Nam announced by 2018 ASEAN-made cars duty-free imports. To see this message, I believe many people will find the "egg". In fact, China is Viet Nam's largest source of imported cars. As China does not belong to ASEAN countries, exports by 2018, Viet Nam automobile tariffs, ASEAN exports to Viet Nam auto zero tariff. In view of this, is very negative for China's auto exports. Although Viet Nam border with China, but with our Viet Nam automobile manufacturing, consumers ' purchasing power is still unknown. In this article, I will give members a say Viet Nam automobile market, and Viet Nam to ASEAN auto zero tariff on China's influence.

Viet Nam car market situation?

Viet Nam car markets and China, it is simply too small, too small. According to Viet Nam Association of automobile industry, last year Viet Nam car sales to more than 240,000 vehicles. Among them, the passenger 143,392 vehicles accounted for 58.5% sales. Commercial vehicle 89,327, 36.5% per cent of total sales. However, starting from 2012, growth has been good for several years. Viet Nam has a population of 91 million, contains a huge market potential. Viet Nam auto market's growth potential is very promising.

In addition to more people outside Viet Nam's good macroeconomic trends, lower bank lending threshold and harmonious international relations among ASEAN countries are Viet Nam car sales growth momentum. Especially in commercial vehicle sales growth was especially apparent in the relationship between economic development, 2015 commercial vehicle sales rose 74%, special-purpose vehicles grew 105%, while passenger cars grew only by 44% year.

Viet Nam's agricultural population accounted for 75% of the total population, industrialization is comparatively weak. Viet Nam domestic auto manufacturers, but most are Toyota, Mitsubishi, KIA, Ford's factories. Today Viet Nam about 18 foreign joint ventures in the local factories and 38 domestic car manufacturers. Vehicle annual production capacity of 460,000 vehicles, but starts not to 50%, lower actual output. And most enterprises are importing parts from abroad, local Assembly. Viet Nam's largest automotive group self-sufficiency of Truong Hai Thaco parts only 15~18% light trucks parts of self-sufficiency is only 33%. Therefore, although Viet Nam car 70.7% are domestic, but also just assembled.

 


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