The automobile tax reduction roadmap to 2018, the import tariff reduction to 0%, excise duty on 35% tax rate, the tax so cars imported from Thailand have cost only about $ 7,100 / vehicles, down about 40% compared to today. Cheaper and good quality will be the condition for the Thai automobile capable Vietnam monopolize the market.
According to data from the General Administration of Customs, the first 4 months of 2016, the country imported 29,054 cars of all types, worth nearly 733 million US dollars, increased in volume and prices compared with 2015. In particular, the most import cars from Thailand accounted for nearly 35% of imported cars in the country with 10 155 vehicles.
the expansion of the Thai automotive
Step into 2016, Thailand has risen to No. 1 won on car imports from Vietnam. While by the end of 2015, Thailand ranked only fourth among the countries providing cars for Vietnam market, after China, Korea and India.
import duty reduction is the leading cause for Thailand took the lead in providing imported CBU vehicles to Vietnam market. From 01.01.2016, import tax rates CBU cars from the Southeast Asian country of Vietnam declined from 50% to 40%, which makes cars imported from Thailand have reduced costs.
Thailand automobile industry development in Southeast Asia should be eligible provided Vietnam imported cars. Previously due to high import duties Thailand also faced many barriers, but since the beginning of 2016 when the rate goes down, the story would be different. In early 2017, the import tax rate from Southeast Asian automobiles in Vietnam will then summarized further reduced to 30% and the beginning of 2018 will be reduced to 0%. Meanwhile, the special consumption tax on cars will also change from 1.7.2016, with a fall of 5% (from 45% to 40%) for vehicles with a cylinder capacity of 1.5L or less, then fell again to 5% (to 35%) in 2018 and the car has a cylinder capacity of less than 2.0L from 1.5L to also reduce by 5% (from 45% to 40%) at this time.
that also means that vehicles imported CBU from Thailand will have a lot of price advantage. As businesses, temporarily taking on automobile import price is now $ 5,000 / car with the car has a cylinder capacity of 1.5L or less to count, plus 40% import tax, 45% luxury tax special (calculated at the present time) and 10% VAT, the tax rates 1 full vehicle about $ 12,000 (not including other costs and profits DN).
However, since 2017, this model was reduced import duty to 30% and the lack of excise to 40%, the price inclusive of taxes only car around $ 10,400 and up to 2018 when the 0% import duty and excise tax of 35% is also reduced again to about $ 7,100 / vehicle, the reduction to 40% compared to today.
Vietnam gradually entered a period of socialization car, when automobile is no longer a property or valuable vehicles of a few people that became popular again. The potential of Vietnam's automobile industry is very large. Owner Percent personal cars in Vietnam remained below average compared to other countries in the region with about 20 units / 1,000 population (equivalent to Thailand 15 years ago). The living standards of the people of Vietnam is increasing, car owners will also increase. According to forecasts, the proportion of private car ownership in Vietnam may increase to 40 vehicles / 1,000 people in 2025.
But, experts are concerned, Vietnam will soon become the export market Thailand's major automakers. Cars with a cylinder capacity of 2.0L or less of Thailand will flood Vietnam. 2015, we spent $ 3 billion to import automobiles of all kinds, of which Thailand is more than $ 400 million. The forecasts show that imports will also increase vehicles, could reach $ 10 billion by 2030.
import duties automobiles has contributed to reducing the supply of enriched than. Consumers will benefit, but the sad thing is that a large-scale market with billions of dollars each year to "rise" for Thailand, helps the automotive industry is increasingly developing countries.
According to data from the General Administration of Customs, the first 4 months of 2016, the country imported 29,054 cars of all types, worth nearly 733 million US dollars, increased in volume and prices compared with 2015. In particular, the most import cars from Thailand accounted for nearly 35% of imported cars in the country with 10 155 vehicles.
the expansion of the Thai automotive
Step into 2016, Thailand has risen to No. 1 won on car imports from Vietnam. While by the end of 2015, Thailand ranked only fourth among the countries providing cars for Vietnam market, after China, Korea and India.
import duty reduction is the leading cause for Thailand took the lead in providing imported CBU vehicles to Vietnam market. From 01.01.2016, import tax rates CBU cars from the Southeast Asian country of Vietnam declined from 50% to 40%, which makes cars imported from Thailand have reduced costs.
Thailand automobile industry development in Southeast Asia should be eligible provided Vietnam imported cars. Previously due to high import duties Thailand also faced many barriers, but since the beginning of 2016 when the rate goes down, the story would be different. In early 2017, the import tax rate from Southeast Asian automobiles in Vietnam will then summarized further reduced to 30% and the beginning of 2018 will be reduced to 0%. Meanwhile, the special consumption tax on cars will also change from 1.7.2016, with a fall of 5% (from 45% to 40%) for vehicles with a cylinder capacity of 1.5L or less, then fell again to 5% (to 35%) in 2018 and the car has a cylinder capacity of less than 2.0L from 1.5L to also reduce by 5% (from 45% to 40%) at this time.
that also means that vehicles imported CBU from Thailand will have a lot of price advantage. As businesses, temporarily taking on automobile import price is now $ 5,000 / car with the car has a cylinder capacity of 1.5L or less to count, plus 40% import tax, 45% luxury tax special (calculated at the present time) and 10% VAT, the tax rates 1 full vehicle about $ 12,000 (not including other costs and profits DN).
However, since 2017, this model was reduced import duty to 30% and the lack of excise to 40%, the price inclusive of taxes only car around $ 10,400 and up to 2018 when the 0% import duty and excise tax of 35% is also reduced again to about $ 7,100 / vehicle, the reduction to 40% compared to today.
Vietnam gradually entered a period of socialization car, when automobile is no longer a property or valuable vehicles of a few people that became popular again. The potential of Vietnam's automobile industry is very large. Owner Percent personal cars in Vietnam remained below average compared to other countries in the region with about 20 units / 1,000 population (equivalent to Thailand 15 years ago). The living standards of the people of Vietnam is increasing, car owners will also increase. According to forecasts, the proportion of private car ownership in Vietnam may increase to 40 vehicles / 1,000 people in 2025.
But, experts are concerned, Vietnam will soon become the export market Thailand's major automakers. Cars with a cylinder capacity of 2.0L or less of Thailand will flood Vietnam. 2015, we spent $ 3 billion to import automobiles of all kinds, of which Thailand is more than $ 400 million. The forecasts show that imports will also increase vehicles, could reach $ 10 billion by 2030.
import duties automobiles has contributed to reducing the supply of enriched than. Consumers will benefit, but the sad thing is that a large-scale market with billions of dollars each year to "rise" for Thailand, helps the automotive industry is increasingly developing countries.
However, the car manufacturing industry in the country will stagnate, many workers lost their jobs. With that, Vietnam had to prepare large amounts of foreign currency to meet the demand for imported cars annually.
According to VietNamNet
http://autodriveclub.com/40-discount-monopolize-thai-automotive-vietnam-market/
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