Cheap imported car models coming to Vietnam
Enjoying 0% import tax due to origin in Indonesia and Thailand, car models such as Toyota Wigo, Suzuki Swift 2018 or Honda Jazz may stir up the low-cost segment in the near future.
1. Toyota Wigo
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Launched at the Vietnam Auto Show in August 2017, Toyota Wigo has not been sold yet. However, with the Ministry of Transport accepting the Indonesian Government's vehicle type certification, there is also information that this model will be sold in the country next June.
Many dealers have even announced the selling price of this car model to be between 350 and 420 million VND.
Unlike previous information, the Toyota Wigo version launched in Vietnam will be equipped with a 4-cylinder, 1.2-liter engine with 88 horsepower, 5-speed manual or 4-speed automatic transmission, not the 1.0-liter version that costs only about 300 million VND.
However, this is still a model that will stir up the low-cost segment when competing directly with Hyundai Grand i10 and Kia Morning.
With the advantage of brand and being an imported car, Toyota Wigo will likely have a higher price than Kia Morning and Hyundai Grand i10 assembled in Vietnam, which are currently priced from 295 million and 315 million VND respectively.
2. Suzuki Swift 2018
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Recently, Suzuki launched the Swift 2018 model in the Thai market and will be brought to Vietnam around June.
This model is equipped with a 1.2L naturally aspirated DualJet engine with a capacity of 90 horsepower at 6000 rpm and maximum torque of 118Nm at 4400 rpm, accompanied by a manual or 5-speed automatic transmission.
In particular, due to the 0% import tax, the 2018 Suzuki Swift will likely have a more attractive price than previous versions. Currently, this model is sold in Thailand for 499,000 - 629,000 THB (equivalent to 365 - 460 million VND).
3. Honda Jazz
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Part of a batch of 2,000 cars imported from Thailand with 0% tax that Honda brought to Vietnam in early March, the Honda Jazz is expected to be sold on the market from next month.
In a higher segment than Hyundai Grand i10 and Kia Morning, Honda Jazz will compete directly with Toyota Yaris, Ford Fiesta or KIA Rio.
Honda Jazz is sold in Vietnam with 3 versions 1.5 V, 1.5 VX and 1.5 RS using 1.5L i-VTEC SOHC 4-cylinder inline engine for 118 horsepower at 6,600 rpm and maximum torque of 145 Nm at 4,600 rpm.
The car uses a CVT automatic transmission with Earth Dreams technology. The manufacturer's announced combined fuel consumption is 5.6 liters / 100 km.
This car model is sold at 539, 589 and 619 million VND respectively for 3 versions 1.5 V, 1.5 VX and 1.5 RS.