Vietnam's car imports jump 95 pct in Jan

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Cars imports jumped 95.3 percent last month as importers rushed to beat an impending tax hike deadline, Tuoi Tre newspaper reported Wednesday.

According to the General Statistics Office, the number of imported cars surged 76.5 percent in January from a year ago to around 6,000 units.

Major car importers in Ho Chi Minh City were cited as saying that they bought more cars in order to beat the deadline for a tax hike on imported vehicles.

The new taxes, which came into effect on January 29, require importers to pay between several hundred and several thousand dollars more on every car they bring into the country.

Importers also reported good sales over the past three months, especially of luxury cars like the BMW and the DS3.

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