An Assessment of the Potential Economic Impacts of RCEP on Vietnam Automobile Sector

SECO Working Paper 5/2017 by Thuy Anh Tu and Minh Ngoc Le

ABSTRACT: This research aims at examining impacts of ASEAN+6 trade agreements on the automobile industry in Vietnam. Vietnam's automobile industry competes with Thailand, Indonesia and the ASEAN countries as well as China, Korea, Japan and those covered by the ASEAN agreement. By 2018, the automobile import tariff from China, Korea and Japan will be reduced to 5%. In the context of multiple trade agreements, the study of the automobile industry has recently become an interesting topic, especially for policy debate.