Auto

Ministry supports 50% cut on auto registration fees

15:11 | 01/05/2023 Regulations

The Ministry of Industry and Trade (MoIT) said that it is necessary to devise a 50% cut on auto registration fees and extend the payment of the excise tax on locally-assembled and manufactured cars to stimulate consumer demand and ease the burden on businesses.

Increasing localisation of auto industry helps support industries grow stronger

15:14 | 16/02/2023 Import-Export

The strong growth in automobile sales and the increase of locally-assembled auto models are a lever to further promote Vietnam's auto industry, helping it gradually engage in supply chains of leading automobile manufacturers.

Vietnam posts all-time high auto imports in 2022

16:54 | 11/01/2023 Import-Export

Vietnam posted an all-time high import of automobiles with 173,467 units valued at 3.84 billion USD last year, surpassing the previous record of about 160,000 units in 2021, reported the General Department of Vietnam Customs.

Dim outlook for domestic auto component industry

15:09 | 29/09/2022 Import-Export

Vietnamese automotive component industry has a dim outlook for growth as it has lagged behind those in many other regional countries.

Auto companies enjoy positive earnings

19:40 | 20/02/2022 Import-Export

Auto businesses enjoyed positive annual earnings thanks to flourishing profits in the fourth quarter.

Auto market to continue growing: experts

16:07 | 17/11/2021 Import-Export

The domestic auto market is expected to grow further in the remaining months of this year after expanding up to 120 percent in October, experts have said.

Incentives for development of auto industry

15:48 | 09/08/2021 Import-Export

VCN - To encourage domestic car production, the State has offered many preferential policies, notably policies on tax and registration fee reductions.

Car loans during the pandemic: Easy to borrow but difficult to repay

15:00 | 04/07/2021 Import-Export

VCN- In the past few years, consumer credit has been the growth engine of many banks, including the car loan segment.

Auto imports posts double growth: HCM City Customs

11:58 | 29/06/2021 Import-Export

VCN- As of June 10, HCM City Customs Department collected VND54,806 billion, reaching 48.5% of the estimate.

Who benefits from the auto registration fee?

20:31 | 18/01/2021 Finance

VCN- On June 28, 2020, the Government issued Decree No. 70/2020/ND-CP regulating the registration fee for domestically manufactured and assembled automobiles until December 31, 2020.

Tax policy - foundation for development of Vietnam's auto supporting industry

15:49 | 10/11/2020 Import-Export

VCN - Decree 122/2016/ND-CP and Decree 125/2017/ND-CP stipulating the tax incentive program for automobile production and assembly, in which enterprises meeting the conditions of the program, will get the import tax rate of 0% for imported car components