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import tariffs
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Q1 car imports plummet
Vietnam imported 26,637 completely built-up (CBU) cars in the first quarter, down 32.6 percent year-on-year as the auto industry loses out to Covid-19.
Imported cars will undercut Vietnam products after tariff removal: industry
The country's lack of auto parts suppliers means many components have to be imported and the added costs are passed on to consumers.
