In summary, the automotive industry in Vietnam has been growing steadily in recent years and is expected to continue to do so. Vietnam has a population of close to 100 million and is a sustainable economy. The development of the automotive industry is one of the main priorities of the government and new laws and policies are being introduced to support the development of the industry. In this publication, Baker McKenzie provides an initial overview of key legal aspects affecting the automotive industry of Vietnam.
The outcomes
The report provides an overview of the import duty matrix in current FTAs and tax policies related to the automotive industry, as well as an overview of the licensing and approval requirements for automobile manufacture /assembly and trading. It also covers production, product quality, and post-sales services, as well as labelling regulations and car ownership registration procedures, detailing:
- Tax incentives, preferential tariff treatment and customs procedure: under FTA for each countries;
- Licensing and approval for automobile manufacture/assembly and trading: as required by VN laws.
- Production, product quality and post-sale services: Type Approval for related components and full CBU are required. Safety testing and emission testing are required also.
- Automobile distribution: Emission consumption registration & aftersales support.
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