Many goods imported from the EU into Vietnam will enjoy zero percent tax according to the tax reduction roadmap over the next seven to 10 years. Imported cars and spare parts are the most anticipated items.

The Ministry of Industry and Trade predicts greater car usage in Vietnam in the near future when the GDP per capita surpasses 3,000 USD and there are more than 50 cars per 1,000 people. In 2025, demand will be 800 to 900 cars a year and the consumption rate in the next five years will be 10.5%.

Both domestically-assembled and imported car dealers will have more opportunities with the new dynamic market.