Cars massively imported via Ho Chi Minh city port due to the duty decline
Thousands of cars imported through Sai Gon Premier Container Terminal (SPCT) port. Photo: T. Hoa |
As learned at the SPCT port border gate in Hiep Phuoc Industrial Park, Nha Be District, Ho Chi Minh City, the number of cars imported by foreign invested enterprises is quite large.
The leaders of Hiep Phuoc Port Customs Sub-Department said that in the first three months of 2017, there were more than 5,500 cars imported from ASEAN countries to SPCT port, more than three times higher than the number of imported cars in the same period in 2016 (1,557 cars).
Analysis of the leaders of the Import Cargo Customs Procedures Team - Hiep Phuoc Port Customs Department showed that the reason for the sudden increase in the number of cars imported through the port was due to the decline in the duty rate of cars imported from ASEAN countries from 40% to 30% from January 1, 2017. By the end of 2016, enterprises stopped importing cars from ASEAN countries to import in early 2017, thereby the number of cars implemented the customs procedures in the first months of the year has risen sharply.
However, at the Sai Gon port zone 3 border gate where enterprises often implement the import procedures for luxury cars, the number of imported cars decreased, thereby the budget revenues from this commodity fallen by more than half. In the first three months, the unit implemented the procedures for nearly 1,1000 imported cars and earned more than 467 billion vnd. Meanwhile, the number of imported cars was more than 1,500 cars and the budget revenue was nearly 1,100 billion vnd in the same period in 2016.
According to the leaders of the Custom Sub-department of Sai Gon port zone 3, the number of cars imported via the Vietnam International Container Terminals Port (VICT) sharply decreased in the first months of 2016 due to enterprises which import luxury car brands being forced to implement the import procedures.
Some luxury cars imported under the non-commercial form to the port, but their owners have not come the port to implement the procedures to receive cars.
Some images of cars imported via Ho Chi Minh city port:
Cars imported via SCPT port |
Hiep Phuoc Customs officers inspecting imported cars |
Many attractive car brands imported to the port |
The number of imported cars increased more than 3 times higher than the same period in 2016 |
Cars imported via the Sai gon port zone 3 (VICT port) declined |
VICT Luxury cars imported under the non-commercial form waiting for owners at the VICT port |
Luxury automobile brands are stopped procedures at the VICT |
Related News
6 outstanding events of Vietnam Customs in 2024
07:55 | 15/01/2025 Customs
Da Nang Customs Department supports enterprises in developing Customs-Business partnership
13:07 | 09/01/2025 Customs
Lang Son Customs finds it difficult to collect and handle tax arrears
15:13 | 07/01/2025 Customs
Ho Chi Minh City Customs: Exceeded the state budget revenue target by nearly 100 billion VND
15:27 | 31/12/2024 Customs
Latest News
Việt Nam tightens fruit inspections after warning from China
08:01 | 15/01/2025 Import-Export
Brand building key to elevate Vietnamese fruit and vegetable sector: experts
08:00 | 15/01/2025 Import-Export
Freight transport via China-Việt Nam cross-border trains posts rapid growth
08:01 | 13/01/2025 Import-Export
Vietnamese retail industry expects bright future ahead
06:22 | 11/01/2025 Import-Export
More News
Complying with regulations of each market for smooth fruit and vegetable exports
13:06 | 09/01/2025 Import-Export
Fruit and vegetable industry aims for $10 billion in exports by 2030
15:12 | 07/01/2025 Import-Export
GDP grows by over 7 per cent, exceeds target for 2024
15:11 | 07/01/2025 Import-Export
Vietnamese pepper: decline in volume, surge in value
15:10 | 07/01/2025 Import-Export
Việt Nam maintains position as RoK’s third largest trading partner
15:09 | 07/01/2025 Import-Export
Greater efforts to be made for stronger cooperation with European-American market
15:08 | 06/01/2025 Import-Export
Leather, footwear industry aims to gain export growth of 10% in 2025
15:06 | 06/01/2025 Import-Export
Grasping the green transformation trend - A survival opportunity for Vietnamese Enterprises
14:53 | 06/01/2025 Import-Export
Việt Nam to complete database of five domestic manufacturing industries in 2026
20:57 | 05/01/2025 Import-Export
Your care
Việt Nam tightens fruit inspections after warning from China
08:01 | 15/01/2025 Import-Export
Brand building key to elevate Vietnamese fruit and vegetable sector: experts
08:00 | 15/01/2025 Import-Export
Freight transport via China-Việt Nam cross-border trains posts rapid growth
08:01 | 13/01/2025 Import-Export
Vietnamese retail industry expects bright future ahead
06:22 | 11/01/2025 Import-Export
Complying with regulations of each market for smooth fruit and vegetable exports
13:06 | 09/01/2025 Import-Export