Localisation rate of Vietnamese automobile industry remains low

Localisation rate of Vietnamese automobile industry remains low

The country has so far failed to develop core technology in automobile production, while locally-made spare parts such as inner tubes, tires, and seats contain very little technological content, according to the Ministry of Industry and Trade (MoIT)
Local automobile manufacturers ask for more support

Local automobile manufacturers ask for more support

Vietnam automobile industry is small compared to regional markets and local suppliers are asking for more support from the Government
Without support, automobile production will decline

Without support, automobile production will decline

VCN - In January 2018, the import tax of cars in the ASEAN region dropped to zero, which has had a strong impact on the market
Six Customs Departments reach an excess in the work of revenue collection

Six Customs Departments reach an excess in the work of revenue collection

By the end of July, six of 35 Customs Departments collected revenue exceeding the assigned target in 2019.
Imported petrol, wine and beer in Hai Phong decrease significantly

Imported petrol, wine and beer in Hai Phong decrease significantly

In June 2019, two imported commodity groups bringing large revenues to Hai Phong Customs have decreased, compared to the same period in 2018.
HCM City: Automobile imports continue decreasing

HCM City: Automobile imports continue decreasing

In the first half of June, the number of cars under nine seats imported through HCM City’s border gates decreased over the previous month.
CPTPP - Opportunities from tax policy for businesses

CPTPP - Opportunities from tax policy for businesses

VCN – CPTPP members are committed to abolishing 97% to 100% of tariff lines for goods imported from Vietnam to meet the rules of origin
The automobile market in March: Due to price reduction, the leading position has changed

The automobile market in March: Due to price reduction, the leading position has changed

VCN – In March, Vietnam’s automobile market achieved a good growth rate with 32,308 vehicles, up 160% over the previous month and 54% over the same period last year.
13 Customs Departments have already achieved revenue collection of thousand billion VND

13 Customs Departments have already achieved revenue collection of thousand billion VND

Until 18/3/2019, there was 13/35 Customs Department having achieved over 1 thousand billion VND of revenue collection.
Automobile market set for major breakthroughs in 2019

Automobile market set for major breakthroughs in 2019

The Vietnamese automobile market will enjoy major breakthroughs during 2019 once the supply source of imported cars is secured, said Pham Van Dung, managing director of Ford Vietnam.
Japanese businesses incentivized to invest in automobile, energy

Japanese businesses incentivized to invest in automobile, energy

Deputy Prime Minister Trinh Dinh Dung called for more Japanese investments in Vietnam’s potential areas such as automobile industry, energy and tourism at a reception for Japanese Minister of Land, Infrastructure, Transport and Tourism Keiichi Ishii in Ha
Foreign automobile part makers rush to Vietnam

Foreign automobile part makers rush to Vietnam

Many foreign automobile part manufacturers have recently started the construction of their plants in Vietnam, which is in line with the government’s policies on encouraging investment in the local support industries.
Have not clearly identified the year of importing some kinds of used vehicles

Have not clearly identified the year of importing some kinds of used vehicles

The Ministry of Industry and Trade needs to have specific guidance for determining the year of importing used imported goods such as: truck, trailer, semi-trailer, four-wheelers with motorized engines.
Bright prospects for automobile sector in Industry 4.0 era

Bright prospects for automobile sector in Industry 4.0 era

Vietnam has plenty of potential huge opportunities for the development of its automobile industry if the country takes full advantage of Industry 4.0 technologies, automation and cloud technology used in manufacturing,
Export turnover by the end of quarter III/2018 achieved a record of $US 352.61 billion

Export turnover by the end of quarter III/2018 achieved a record of $US 352.61 billion

By the end of 9/2018, the total import and export turnover of the country reached $US 352.61 billion, increased by 13.7%
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