The domestic used-car volume increased significantly during September after suffering a period of decline.
A General Customs Department of Vietnam report revealed that around 405second-hand cars were imported to the country last month, doubling theAugust figure.
Imports included 327 units with cylindricalcapacities of 1.0 litres valued at more than 668,000 USD, coming mostlyfrom the Republic of Korea .
An additional 78 unitswere made up of Toyota , Audi, Lexus and Mini Coopers withcylindrical capacities ranging from 1.5 to 2.5 litres.
Used-car traders explained that volumes were pushed up by the Governmenttightening policies based on car imports alongside stable and highmarket demand.
Meanwhile, importing new cars have becomeincreasingly difficult, necessitating the shift of focus to low-endused-autos, which have been less affected by new tax rates, the tradersadded.
Since August 15, used passenger cars with less than10 seats and 1.0 litre cylindrical capacities, have been taxed 3,500USD while those with cylindrical capacities ranging from 1.0 to 1.5litres have been hit with 8,000 USD.
Passenger cars with10-15 seats and cylindrical capacities of 2.0 litres or less are subjectto a fixed tax of 9,500 USD. Cars with cylindrical capacities ofbetween 2.0 to 3.0 litres are subject to a tax of 13,000 USD while thosewith cylindrical capacities larger than 3.0 litres are charged 17,000USD. /.
A General Customs Department of Vietnam report revealed that around 405second-hand cars were imported to the country last month, doubling theAugust figure.
Imports included 327 units with cylindricalcapacities of 1.0 litres valued at more than 668,000 USD, coming mostlyfrom the Republic of Korea .
An additional 78 unitswere made up of Toyota , Audi, Lexus and Mini Coopers withcylindrical capacities ranging from 1.5 to 2.5 litres.
Used-car traders explained that volumes were pushed up by the Governmenttightening policies based on car imports alongside stable and highmarket demand.
Meanwhile, importing new cars have becomeincreasingly difficult, necessitating the shift of focus to low-endused-autos, which have been less affected by new tax rates, the tradersadded.
Since August 15, used passenger cars with less than10 seats and 1.0 litre cylindrical capacities, have been taxed 3,500USD while those with cylindrical capacities ranging from 1.0 to 1.5litres have been hit with 8,000 USD.
Passenger cars with10-15 seats and cylindrical capacities of 2.0 litres or less are subjectto a fixed tax of 9,500 USD. Cars with cylindrical capacities ofbetween 2.0 to 3.0 litres are subject to a tax of 13,000 USD while thosewith cylindrical capacities larger than 3.0 litres are charged 17,000USD. /.
