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Importation In Vietnam Essay

1132 Words5 Pages

This report reexamines historic and current condition for the high cost of Vietnam’s importation. This issue has been in being for a long time and it affects Vietnam’ economy a great deal. In my opinion, learning about this problem is necessary while Vietnam is a trade surplus country but Vietnamese people refuse to use domestic goods. In a survey by Vietnam Customs in 2013, the total value of imported cars approximately 727 million USD. Therefore, the impact of importation on Vietnam’ economy is topic for my study. Because of limitation of the research scope, so my paper will be based on government’s reports, expertise books and economic websites. The main objective of my research is to answer 3 questions:
1. Why are imported goods in Vietnam high?
2. What is Parallel Importing and how …show more content…

According to VnEconomy (2008), first two months in 2008, approximately 10.000 CBU were imported and total value was 190 million USD. Imported cars segment has made domestic cars market active positively.
Disadvantages of reducing Import Tax for Cars As I mentioned above, the import tax for cars will be reduced to 0% by 2018. This new decision by the government will affect on national automobile industry. In Vietnam, the percentage of producing automatic parts is very low. Companies in Vietnam can only produce simple parts such as seats, seatbelts, etc. So, most important parts have to be imported. Therefore, when the import tax is 0%, the process of importing components and assembly is more expensive than importing CBU from other countries in ASEAN. David Tarr (2002) said, “When there is no domestic intermediate goods industry, or it is small, there is no effective opposing lobbying influence advocating tariffs on these intermediate”. Tariffs play an important role in every country’s economy. Therefore, reducing or changing the import tax will have influences on economy and maybe on state budgets.

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