Toyota, Mercedes-Benz allowed to import cars
Mercedes-Benz Vietnam and Toyota Motor Vietnam have officially received the permission to import their complete built-up units (CBU) to meet the diverse demands for vehicles on the local market.
The permission came one year earlier than what Vietnam has committed in its WTO accession, as the country had pledged to allow automobiles joint venture companies to import and distribute CBU vehicles from early next year only.
With the licenses, the two companies now have the right to import CBU vehicles, but such vehicles must be distributed in the local market by local dealers only.
Mercedes-Benz Vietnam plans in the first phase to import vehicles from four to seven seats as well as two-door sport cars. Models under its plan number dozens, to be imported directly from Germany. Meanwhile, Toyota Vietnam has yet announced plans about its CBU imports.
Some other auto joint venture companies are also submitting applications to authorities to import CBU vehicles.
ed note: I would like to see the prices on these...
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