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Economy

Vietnam keeps tough auto import rules despite criticism

Deputy prime minister hints at new incentives to boost domestic production

Vietnam wants its auto industry to source 35% to 40% of components domestically by 2020, up from about 10% now.   © Reuters

HANOI -- Vietnam plans to continue strict enforcement of automobile import rules, Deputy Prime Minister Trinh Dinh Dung says, amid resistance to the year-old policy from overseas carmakers.

The rules, which took effect in January 2018 as auto tariffs within the Association of Southeast Asian Nations were cut to zero, require complicated procedures for auto imports -- such as quality certification from the country of origin and inspections for each lot of imports. Though Dung acknowledged at a recent meeting that the rules initially caused confusion, he said many of the issues have been resolved, according to local reports. 

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