Vietnam Motor Show cancelled due to COVID

The country’s biggest automobile and motorcycle exhibition, the Vietnam Motor Show, will not be organised this year due to the Covid-19 pandemic and will return in 2022, the organising committee has announced.

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

VAMA members see decreasing car sales in June

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 23,587 vehicles in June, down 8 per cent month-on-month.

Việt Nam to solve bottlenecks to develop its auto industry1 Limited market capacity and price differences between domestically produced cars and imported cars are the two biggest bottlenecks for the local auto industry, according to the latest report from the Ministry of Industry and Trade (MoIT).

More than $1.1 billion spent on car imports in four months In April alone, 14,000 automobiles worth $292 million were imported.