Vietnam to slash tariffs on automobile imports


HANOI, Dec 27 (Reuters) - Vietnam will cut tariffs on imported automobiles to 90 percent next month from 100 percent as it moves to reduce protection for domestic assemblers, state media reported on Tuesday. The Thanh Nien newspaper quoted a directive by Finance Minister Nguyen Sinh Hung as saying the 90 percent tariff would be applied to all new imported vehicles, including buses and sedans, from January, 2006. Consumption taxes on imported vehicles would also be reduced from 80 percent ...

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