Vietnam raises tariffs on auto part imports

Newswire

HANOI, Aug 28 (Reuters) - To spur automakers to make vehicle parts in Vietnam rather than import them, the communist country will hike tariffs on imported parts to 25 percent next month from 20 percent now, a government official said on Thursday. "A new tariff regime will be applied from September 1 on imported auto parts," an official from the finance ministry's General Tax Bureau said. The ministry has approved a rise of five percentage points on imported auto parts that will bring the ...

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