Promoting competition

Ex-factory prices in Indonesia, Thailand, and China have now decreased compared to before. These are the main sources of car imports for our country. Import taxes applied to ASEAN countries are 0% under the AFTA agreement. Why have prices decreased there while retail car prices in our market remain unchanged?

- Those familiar with the car sales industry believe that domestic car prices are determined by distributors. The long-standing practice for these businesses is to use only one price list throughout the sales period of a particular car model. Slight retail price reductions only occur for slow-selling models. If market demand remains consistently high, distributors wouldn't be foolish enough to reduce their profit margins.

- But can this situation just keep dragging on indefinitely? Because high retail prices mean that consumer rights are not protected. And with domestically assembled cars, high prices also come with the removal of features. How can that be acceptable?

- Recently, the Ministry of Finance has made new shifts. Accordingly, tax collection is geared towards facilitating businesses and consumers. Gradually, car buyers are also benefiting. With any goods and services sold, the larger the market, the more assured the interests of consumers. For a healthy market development, policies always need to promote competition.

TU QUEO

Source: https://www.sggp.org.vn/thuc-day-canh-tranh-post794970.html