Vietnam’s import tax on complete built-up units from ASEAN was reduced to zero percent as from Jan. 1 this year. The accord helps reduce the prices of imported cars, meeting consumers’ aspiration.
Businesses in the mechanical sector in Hanoi are facing shortage of capital, production area and high quality human resources, as well as shortcomings in import taxes levied on materials.
Local retail petrol prices could be adjusted daily instead of every fortnight in the future, Do Thang Hai, Deputy Minister of Industry and Trade, said.
Business
