Vietnam seeks phased-in auto parts tariff rise


HANOI, Feb 26 (Reuters) - Vietnam has proposed a graduated increase in car part tariffs to a ceiling of 50 percent by 2005 in a compromise to soothe foreign auto makers' concerns about an abrupt hike in duties, car manufacturers said on Wednesday. The companies said the rise in tariffs -- Vietnam's attempt to boost the use of more locally made parts -- would cripple a small but fast-growing sector. Sales of cars rose about 37 percent in 2002 from 2001 as incomes rose. The Ministry of ...

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