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Car prices in Vietnam likely to fall sooner than expected

2015-05-19 23:19:33| Automakers - Topix.net

For years Vietnamese automakers have been holding their breath, waiting for 2018 when cars imported from Southeast Asian countries will become cheaper than their local counterparts, thanks to the abolition of import duties under a regional free-trade agreement. With a recent increase in foreign investors' interest and a new trade deal with South Korea, the automakers find themselves already facing fierce competition which is likely to drive car prices sharply down.

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Category:Automotive

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