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In brief

Vietnam’s automotive industry has experienced steady progress in recent years. With Vietnam having a population of nearly 100 million and a sustainable economy, this growth trend is expected to continue.

The development of Vietnam’s automotive industry remains one of the government’s main focuses, with new laws and policies to promote the development of this industry.

Baker McKenzie’s new publication, Tax, Customs and Regulatory Aspects of Vietnam’s Automobile Industry, aims to provide an initial view of key legal aspects that affect Vietnam’s automobile industry.


Contents

Key takeaways from the report

  • Tax incentives, preferential tariff treatment and customs procedure: Import duty matrix under current Free Trade Agreements (FTAs), and tax policies relating to the automobile industry.
  • Licensing and approval for automobile manufacture/assembly and trading: Overview of regulatory conditions and compliance issues for automobile manufacturers and traders.
  • Production, product quality and post-sale services: An automobile manufacturer must follow quality inspection procedures on technical safety and environmental protection and obtain a Type Approval Certificate for the automobile model. This certificate is the fundamental document that allows the manufacturer to proceed with the manufacture of an automotive model. After that, for every automobile of the same model, the manufacturer will need to issue a Certificate of Conformity to certify that the automobile has passed the final conformity inspection. This certificate will be used by the consumer for ownership registration.
  • Automobile distribution: Overview of labelling regulations, and procedures for car ownership registration.

View the Handbook here.

Author

Frederick Burke is a member of Baker McKenzie’s Global Policy Committee, comprised of the Firm’s Managing Partners globally, responsible for driving the overall strategy of the Firm. He is also the Managing Partner of our Baker McKenzie offices in Vietnam, more particularly in Hanoi and Ho Chi Minh City. He has more than 30 years’ experience practicing in the areas of corporate law, real estate, international trade and is highly regarded for his work on foreign investment projects in Vietnam and China for key players in property development, trade, IT/C, and project finance, among other areas. Mr. Burke is the go-to advisor for big deals in Vietnam’s flourishing industries including: renewable energy, agribusiness, airlines, hotels, resorts and tourism and large scale infrastructure projects. He is currently the representative of the American Chamber of Commerce in Vietnam to the Prime Minister’s Advisory Council on Administrative Reform in Vietnam and he has been recognized by the Ministry of Justice of Vietnam for his “Outstanding contributions in the field of international legal cooperation”. Mr. Burke is consistently ranked as a Leading Lawyer in Corporate / M&A by leading legal publications in Vietnam (Legal 500 AP 2007-2018; Chambers and Partners AP 2012-2018; IFLR1000 2010-2018).

Author

Thanh Vinh Nguyen is a partner in Baker McKenzie's Ho Chi Minh City office. Prior to joining the Firm, he practiced tax and consultancy work for two international accounting firms and worked as a compliance counsel for an international insurance company. He has co-written Business Operations in Vietnam, published by The Bureau of National Affairs, Inc.

Author

Ngoc Trung Tran is a Senior Regulatory Advisor in Baker McKenzie's Ho Chi Minh City office.