VIETNAM: Increased imported car parts tariffs will hurt assembly industry with over capacity - report
A plan by Vietnam to increase tariffs on imported car parts will hurt a small sector that already faces modest sales and overcapacity, an executive of General Motors which has a venture in the country, told Reuters. The news agency said that, in the first public comments from GM on an issue that has riled other foreign car makers, William Botwick, executive director of GM's ASEAN operations, said that if the hike goes through, "it will be devastating to the automotive industry in Vietnam."
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable