A Toyota Yaris model on display at a trade show. The Ministry of Industry and Trade would abrogate its circular on supplementary procedures for importers of passenger cars with nine seats or less as soon as the Ministry of Transport issues regulations with similar effects for road vehicles. – VNA/VNS Photo The Duyet HA NOI (Biz Hub) — The Ministry of Industry and Trade (MoIT) said it would abrogate its circular on procedures for importers of passenger cars with nine seats or less, as soon as the Ministry of Transport issues regulations with similar effect for road vehicles. The MoIT made the suggestion in a report sent to Prime Minister Nguyen Xuan Phuc last week, after collecting official opinions about Circular No 20/2011/TT-BTC, which has reportedly discouraged many car importers since it took effect on June 26, 2011. The circular states that importers of unused cars with nine seats or less, besides performing current import procedures, must be designated or authorised by official carmakers or dealers as their distributors in Viet Nam. It also requires the importers to obtain certificates proving adequate qualifications for car guarantee and maintenance, from the transport ministry. The MoIT said it issued the circular to… Read full this story
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