Vietnamese car prices expected to fall in 2006
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[January 04, 2006]

Vietnamese car prices expected to fall in 2006

(Asia In Focus Via Thomson Dialog NewsEdge)HANOI, Jan 4 Asia in Focus - The Vietnamese government's decision to reduce taxes levied on imported cars from 100 per cent to 90 per cent from Jan. 1, 2006, will be one of major reasons behind price slashes in the domestic market, said Trade Vice Minister Truong Chi Trung. However, Vice Minister Trung said, reductions will depend on market demands and strategies on business operations.



* The domestic price for cars will also be affected by the launch of new and lower-cost four wheelers made by domestic manufacturers such as Xuan Kien and Truong Hai, which will sell their products at around US$15,000 each.

* Moreover, domestic buyers are awaiting for made-by-Honda Vietnam Civic cars which will be sold at $30,000 per unit, and other made-in-China cars imported with relatively low prices.


SUMMARY

Vietnamese car prices expected to fall on govt's decision to reduce taxes levied on imported cars

ASIA IN FOCUS

04-01 1804

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