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Toyota considers stopping car manufacturing in VN

Apr 7th at 14:09
07-04-2015 14:09:05+07:00

Toyota considers stopping car manufacturing in VN

Toyota Vietnam may stop producing cars in Vietnam and instead import cars into the country to benefit from the tax cut roadmap from ASEAN, said Director General of Toyota Vietnam Joint Venture (TMV) Yoshihisa Maruta at TMV’s recent meeting on the business plan for 2015.

He said on average it takes three years to launch a new car model while the tax rate on cars imported from ASEAN will fall to zero percent in 2018.

Maruta said that if the Vietnamese government does not have a specific support policy, based on the overall strategic development of the auto industry in 2020 with a vision to 2030 that was published this year, car manufacturers will move to import finished cars instead of importing parts for assembly.

In March 2015, Toyota Vietnam dropped to second position for auto sales after Thaco with only about 2,680 units sold , holding 29% market share.

vietnamnet

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