HANOI, May 30 (Reuters) - Vietnam's legislators have voted to increase the special consumption tax on locally assembled cars from 2004 to as much as 24 percent, raising the ire of foreign auto makers who fear a possible slump in sales. A government-run Web site reported the National Assembly on Tuesday ratified that beginning on January 1, 2004, locally assembled cars would have special consumption taxes ranging between 7.5 and 24 percent, depending on the type of vehicle. The current ...
Premium Content (PAID Subscription Required)
"Vietnam raises tax on locally assembled cars" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.