Vietnamese automotive component industry has a dim outlook for growth as it has lagged behind those in many other regional countries.
Auto businesses enjoyed positive annual earnings thanks to flourishing profits in the fourth quarter.
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.
VCN - To encourage domestic car production, the State has offered many preferential policies, notably policies on tax and registration fee reductions.
VCN- In the past few years, consumer credit has been the growth engine of many banks, including the car loan segment.
VCN- As of June 10, HCM City Customs Department collected VND54,806 billion, reaching 48.5% of the estimate.
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.
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 ...
Vietnam’s automobile industry is transforming drastically but it still lacks scenarios to join the global supply chains after the COVID-19 pandemic.
Hopes of a big rise in car sales in October thanks to a steep drop in prices and the rollout of new models have been dashed spreading more gloom about ...
Even weaker economies with less developed industries can threaten Vietnam's auto industry due to its low localization rate, the Trade Ministry said.
The Ministry of Industry and Trade is expected to submit to the Government an automobile industry development plan with solutions to supporting auto manufacturing projects in Vietnam.
Automobile stocks are expected to lure more investment thanks to the growth of market consumption forecast to reach over 500000 vehicles per year from 2021
The Government will soon issue a revision to Decree 116 2017 on the conditions for production assembly import and business of automobile warranty and maintenance services removing a number of ...
Vietnam has unveiled plans to offer import tariff incentives for parts used to assemble environment-friendly cars.