Belarus moves to set up automobile joint venture in Vietnam

15:44 | 22/03/2018
Belarus is going to establish a joint venture to manufacture cars in Vietnam to cash in on the growing local demand.
belarus moves to set up automobile joint venture in vietnam
Belarus moves to set up automobile joint venture in Vietnam

At a meeting with Deputy Transport Minister Le Dinh Tho yesterday, Vladimir Goshin, the Belarusian Ambassador to Vietnam, said that based on the protocol signed between the two governments in March 2016, the “MAZ-Asia” joint venture is now going to take shape.

Belarus is also completing the necessary procedures to import completely-built-up (CBU) cars to Vietnam, meeting the regulations of Decree No.116/2017/ND-CP.

The ambassador proposed the Ministry of Transport (MoT) to support the operations of the MAZ-Asia joint venture as well as provide guidance on car imports.

Tho, in response, welcomed the establishment of the automobile JV, and that MoT will continue to create favourable conditions for Belarusian businesses and MAZ-Asia.

Regarding the copied certificate of eligible imported automobile class issued by competent foreign authorities (Vehicle Type Approval–VTA), Tho confirmed that the ministry will give detailed guidance.

Vietnam saw a sudden surge in automobile imports earlier this month after imports hit a record low in the first two months of this year.

According to the General Department of Customs (GDC), from March 2 to March 8, car businesses registered to import 2,020 cars of all kinds to Vietnam, with a total value of $44.42 million, most of which were cars with nine seats or less.

Most of the imported cars came from Thailand, with the rest from Japan, the US, and the UK. The vehicles were shipped through Haiphong and Saigon ports.

The number of vehicles imported was at a record low in the first two months of this year. Specifically, cars having less than nine seats only reached 18 units in January and 13 units in February, as car importers failed to meet the demand of the government’s Decree 116, which stipulates the conditions for production, assembly, import, and trading of automobiles, as well as their warranty and maintenance services.

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By Bich Thuy

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