VIETNAM: "Heated words" but little sympathy from government over CKD component tariff hikes - report
"Heated words but few concrete results" emerged on Friday from a meeting of 11 foreign car makers and Vietnam's government to discuss surprise higher tariffs on imported parts, a move the industry bitterly opposes, Reuters reported. According to Reuters, tax department officials, part of the Ministry of Finance that signed the December 4 decision, slammed car firms for not advancing Vietnam's tiny car industry beyond the basic assembly stage while being protected by years of low tariffs.
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