Vexed auto industry scrambles to comply with new decreeMost of the domestic auto industry went into a tizzy when Decree 116 tightening controls over the import and assembly of cars was issued in October, and days away from its official implementation, the worries and divisions remain. Also speaking in concord with Thaco was Hyundai Thanh Cong (HTC), official distributor of Hyundai vehicles in Viet Nam. According to Decree 116, in order to obtain an operating and selling license, enterprises are required to legally own, contractually lease or authorise vehicle servicing premises that conform to prescribed requirements. Importers must also have documents showing that they are authorized to act on behalf of foreign automotive manufacturing and assembling enterprises recalling imported vehicles. He also said that Decree 116 was a supportive measure for domestic companies to set up a number of technical barriers to limit the number of imported cars.

Source: VietNamNet News December 26, 2017 03:33 UTC