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Vietnam automotive market affects Thai production
Vietnam automotive market affects Thai production Two Japanese carmakers in Thailand, Toyota and Honda, revealed that the companies have stopped its export to Vietnam since the beginning of 2018 after Vietnam announce its new policy of import vehicle inspection. Toyota has stopped its production to Vietnam which includes Yaris, Fortuner, Hilux, and Lexus models. For Honda, after it shifted the production of CR-V from Vietnam to Thailand due to ta...
News Updated at: 2018/01/22
Japanese automakers puzzled by Vietnam's regulations on imported vehicles
promotes trade liberalization in the ASEAN region, and the country eliminated its tariffs on imported automobiles (30% on passenger cars) on January 1. The Vietnamese government has concern that the elimination of the tariffs will increase the competitiveness of imported vehicles like cars built in Thailand and the Vietnamese car industry with a fragile supply chain will be hit by that. Since detailed rules based on the decrees are yet to be deci...
News Updated at: 2018/01/22