Honda Tests Vietnam’s New Import Inspection Rules
Honda Motor Co. plans to unload a shipment of 2,000 cars in Hanoi this week as a first test of Vietnam’s two-month-old import inspection rules, The Nikkei reports.
#economics
Honda Motor Co. plans to unload a shipment of 2,000 cars in Hanoi this week as a first test of Vietnam’s two-month-old import inspection rules, The Nikkei reports.
The quality checks were implemented on Jan. 1 as the company lifted its 30% tariff on foreign-made vehicles sourced elsewhere in the Assn. of Southeast Asian Nations. Critics say the measure is designed as a non-tariff barrier to shield Vietnam’s domestic car assemblers.
The rules require importers to present a quality certification from the origin of manufacture, then undergo new inspections in Vietnam for each batch of imported cars. Honda isn’t certain about details of the Vietnamese review process, according to The Nikkei. The carmaker says it doesn’t expect the cars to reach dealers until at least April.
Mitsubishi and Toyota joined Honda in suspending shipments to Vietnam in January. All have been watching to see what happens when the first shipment of foreign-made vehicles arrives.
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