Car registration fee reduced to boost market

The 50 per cent reduction of registration fee for domestically-assembled cars is considered a push to help the auto market grow in the next six months.

Auto market to continue growing: experts The domestic auto market is expected to continue growing in the remaining months of this year, according to experts, after expanding by up to 120 per cent in October.

Proposal suggests slashing new car registration fees

The Ministry of Finance (MoF) has proposed slashing registration fees for locally built cars by 50 per cent until May 2022, to increase sales and encourage recovery in the automobile industry.  

Positive signs for year-end car shopping

Car sales in Việt Nam increased by 52 per cent last month after five consecutive months of decline, showing positive signs for the car market at the end of the year.

EV incentive to cost State budget VND8.6 trillion Slashing registration fees by half for electric vehicles (EVs) may cost the State budget as much as VND8.6 trillion (US$380 million) a year, according to the latest report by the Ministry of Finance. 

Việt Nam’s automobile supporting industry remains underdeveloped

Only a few spare parts are produced domestically, forcing domestic manufacturing and assembling enterprises to import automobile spare parts from other sources, experts said.

VAMA sets plans to develop local electric vechicles

Electric cars are an irreversible trend in the auto industry and are expected to grow strongly. To take advantage of this, the Vietnam Automobile Manufacturing Association (VAMA) has outlined plans to develop the local electric car industry.

Car sales plummet for fifth consecutive month: VAMA Domestic car manufacturers sold just 8, 884 cars during August, a 32 per cent fall from the previous month marking the fifth consecutive month car sales plummeted since April this year, said a report by the Vietnam Automobile Manufacturers' Association (VAMA), an organisation consisted of 17 automobile manufacturers in Việt Nam. 

Local auto industry needs support amid pandemic Domestic automobile manufacturers have urged the Ministry of Finance to revise criteria for production capacity so as to enjoy preferential a tax incentive policy for imported automobile parts.

Proposed registration fee cut for domestic cars sparks controversy A proposed registration fee cut for domestically-produced cars has angered importers who believe it is discriminatory