Toyota to Ford brace for Vietnam auto import competition | Bangkok Post: news

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Automakers brace for competition

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After almost two decades of waiting for Vietnamese consumers to become rich enough to afford cars, manufacturers including Toyota Motor Corp and Ford Motor Co will have to contend with cheaper imports. 

Commuters are seen on a street during rush hour in Hanoi. (Reuters Photo)

Current Vietnamese duties of 60% will be eliminated by 2018 for cars imported from within the Association of Southeast Asian Nations (Asean), Met Arias, chairman of the Vietnam Automobile Manufacturers Association and managing director of Ford's unit in the country, said in an interview Oct 23.

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