Vietnam is a growing auto trade in South Asia. Car sales rose 62% in the eight months to August, to 70,033 items.
The most of Vietnam's roads are produced by local companies such as market leader Thaco, which assembles vehicles for Kia, Mazda and Peugeot. But in the last few years there were imported cars from other countries and consists about 40 % of sales.
Sales of Mercedes-Benz cars grew 43 % in 2014, making Vietnam the second-fastest growing global market for the German carmaker.
Rolls-Royce and Bentley recently opened their first dealerships in Vietnam.
The prices of imported cars rise day by day from January following the government’s introduction of a “special consumption tax”, it affects on paid advertisements and warranty. The new tax will push up prices of imported cars by as much as 12 per cent, according to FT Confidential Research, an investment research service at the Financial Times.
The local car makers complained about the following introduction of zero tariffs on motor trade among South Asian countries as part of the Asian Trade.
But in spite of these raises the consumers, however, are already used to paying high prices for vehicles, which are up to 20 % more expensive than elsewhere.
