Hai Phong port: Does enterprise stop to import automobiles for waiting tax reduction?

Importing cars is decreasing significantly in Hai Phong port and the whole country. Photo: Nguyễn Hà

In the area of Hai Phong port, Hai Phong port area 1 Customs Branch seems to be the unit has the largest number of imported automobiles opened declarations. The reason is that the Customs Branch settled customs procedures for special purpose ship RoRo which transports imported automobiles to Hai Phong port with the volume of twice a month.

On 29/11, discussion with Customs News’s reporter, Manager of Hai Phong port area 1 Customs Branch (Hai Phong Customs Department) Nguyen Thi Thu Hien said that the previous months, the branch collected the amount of tax approximately one trillion vnd from importing completed automobiles. However, from October till now, the import of this item tends to go down significantly so the unit only collects 100 billion of tax from the automobile.

Market share (in volume) of imported cars from Thailand and Indonesia and other markets by the end of October. Sketched by T.Bình

"In November, this item has temporarily stopped importing at the Branch. And expected in December, enterprises have not completed the procedures yet to wait for the reduction of import tax from 1/1/2018, "- Manager Nguyen Thi Thu Hien said.

In a related event, according to statistics of the General Department of Vietnam Customs, the number of imported completed cars is declining recently, especially cars under 9 seats.

Specifically, as the latest information in the first half of November, the country only imported 325 cars under 9 seats, about one fifth compared to the average rate in the first 10 months.

In particular, the downward trend in the number of imports appeared in September and October. In that, only 908 automobiles under 9 seats were imported in September while it dropped to 878 automobiles in October.

As of 15/11, the country imported 80,761 completed cars of all types, the total turnover of nearly $US 1.8 billion. In particular, the car under 9 seats was 34,759 units, the total turnover reached nearly $US 634 million.