Toyota Motor Vietnam has asked for a licence to import Lexus cars, people carriers and trucks (Source: xevathethao.vn) Hanoi (VNA) - Toyota Vietnamis one of the first firms to ask the Ministry of Industry and Trade to issuebusiness certificates in accordance with new government Decree No116/2017/ND-CP.
Specifically, the company has requested anew licence to import cars, including Lexus models, people carriers and trucks.
The company said it has completed all documentsto comply with the provisions of the new decree, including a certified copy ofthe business registration certificate of Toyota Motor Vietnam, a certified copyof the certificate of automobile warranty and maintenance by dealers of ToyotaMotor Vietnam and a certified copy of Toyota Motor Corporation’s rights torecall automobiles.
On October 17, the Government issued DecreeNo 116/2017/ND-CP on requirements for manufacturing, assembly and importationof automobiles and automobile warranty and maintenance services.
This new decree follows the Circular No20/2011/TT-BCT which expired in July 2016. It aims at tightening conditions forthe import of cars into Vietnam, making it especially difficult for private carimporters.
According to the new decree, a private carimport business must satisfy a long list of conditions, including havingdocuments certifying or proving that it is entrusted by a foreign automobilemanufacturer to recall imported cars in Vietnam. Once licensed to import cars,a business must maintain business conditions and ensure the performance oftheir warranty, maintenance and recall responsibilities.
The decree requires car importers toprovide quality certificates for cars imported into Vietnam. Anotherrequirement is every single batch of imported cars must be inspected.
Concerning the import of used cars into Vietnam,the decree stipulates that small cars must have a remaining warranty durationof at least two years or have 50,000km left before warranty deadline, whileother types of cars must have a remaining warranty period of one year or20,000km.
Although this new regulation will likelylead to a decrease in the number of companies eligible for entry into theautomobile importation market, such a reduction could benefit consumers in thesense that companies with weak capacity and lack of experience will be excludedfrom the market. Also, even strong, experienced importers will have to seekpartnerships with famous and well-established foreign automobile manufacturersinstead of less reputable and trustworthy partners. - VNA
VNA
