Automobile localization: rapid development from internal strength
07:44 | 31/12/2024
VCN - Enjoying many investment incentives for many years, FDI enterprises have failed to fulfill their commitments on the localization rate in automobile production. It was thought that Vietnam would not have an automobile manufacturing industry, depending on imports and stopping at assembly. However, in a short time, with their internal strength, determination and mettle, domestic enterprises have initially affirmed their role and position in the automobile market, with strong development in both quantity and quality.
Import tax on cars from EU decreases: Will car prices fall?
13:44 | 22/06/2020
VCN -On June 8, 2020, the Free Trade Agreement between the EU and Vietnam (EVFTA) was adopted by the Government. Under the agreement, taxes on many export items will reduce immediately or reduce under the roadmap (expected from August 1, 2020). For cars, Vietnam will begin the import tax cut-roadmap from 70% to 0% within nine or ten years.
Automobile market: How much will the price decrease to boost sales?
08:06 | 10/05/2020
VCN - That is the current question posed by automobile manufacturers in the context of a serious drop in sales – the lowest in the last five years. The psychology of limiting spending and waiting for deep discounts of customers has caused the automobile market to gradually freeze. And in the price reduction game, there are big players doing everything in their power.