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NEWS UPDATES Asean Affairs     10  October  2011                    

Vietnam considers auto tariff drop

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The Vietnamese Ministry of Finance is considering a draft on a tariff reduction schedule for automobiles imported from Asean countries, as part of the ASEAN Trade in Goods Agreement (ATIGA) during the 2012-2014 period.

According to the draft, an import tax rate of 70 percent would be imposed on all Completed-Building-Unit passenger cars imported from Asean countries by 2012. The tax rate would be reduced by 60 percent and 50 percent by 2013 and 2014, respectively.

Special vehicles would enjoy a zero tax rate while trucks would face a 5 per cent tax rate during the next three years.

An import tax rate of 75 percent would also be imposed on motorbikes and electrical bikes by 2012. The rates would be slashed by 60 percent and 50 percent by 2013 and 2014.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


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