Three reasons for reducing state budget revenue of Ho Chi Minh City Customs

Three reasons for reducing state budget revenue of Ho Chi Minh City Customs

VCN - Import-export turnover in Ho Chi Minh City tends to increase, but state budget revenue from import-export activities decreases. Ho Chi Minh City Customs Department pointed out 3 reasons why the revenue decreased.
Vietnam automobile market and support problem

Vietnam automobile market and support problem

In the first 4 months of 2024, the number of cars consumed on the market is still falling to a worrying level, high inventory, causing difficulties for automobile manufacturing and trading enterprises
The output reduction of the Tax Incentive Program for automobile manufacturing and assembly has not been considered

The output reduction of the Tax Incentive Program for automobile manufacturing and assembly has not been considered

VCN - According to the Ministry of Finance, the proposal to continue reducing the output of the current Tax Incentive Program for automobile manufacturing and assembly is not appropriate.
New preferential import tax rates for automobile production and assembly

New preferential import tax rates for automobile production and assembly

VCN - Decree No. 26/2023/ND-CP dated May 31, 2023, of the Government on Export Tariffs, Preferential Import Tariffs, List of goods and absolute tax rates, mixed taxes, import taxes out of quotas have revised some contents of the tax incentive program for
Vietnam, India have potential for automobile cooperation: insiders

Vietnam, India have potential for automobile cooperation: insiders

Vietnam and India have substantial opportunities to cooperate in the automobile industry as Vietnam is accelerating FDI attraction in the sector, an official has said.
Vietnam, India have potential for automobile cooperation: insiders

Vietnam, India have potential for automobile cooperation: insiders

Vietnam and India have substantial opportunities to cooperate in the automobile industry as Vietnam is accelerating FDI attraction in the sector, an official has said.
Automobile sales enjoy growth at year’s end

Automobile sales enjoy growth at year’s end

Automobile sales in Vietnam posted a month-on-month increase of 30 percent and a year-on-year increase of 6 percent in November, announced the Vietnam Automobile Manufacturers’ Association (VAMA).
Tax rescheduling proposed to support local automobile industry

Tax rescheduling proposed to support local automobile industry

The Ministry of Finance (MoF) has proposed rescheduling excise tax payments for local automobile manufactures and assemblers.
Automobile industry development and preferential policies

Automobile industry development and preferential policies

VCN - As of July 15, automobile import turnover reached more than US$2 billion (up 107.7% over the same period last year).
Proposed to consider further extending tax incentives for automobile manufacturing and assembly

Proposed to consider further extending tax incentives for automobile manufacturing and assembly

VCN - Deputy Prime Minister Le Van Thanh assigned the Ministry of Finance to assume the prime responsibility for, and coordinate with relevant agencies in, reviewing the implementation of the tax incentive program for automobile manufacturing and assembly
Vietnam AutoExpo 2021 to take place in August

Vietnam AutoExpo 2021 to take place in August

The 17th International Exhibition on Automobile, Transportation and Supporting Industry (Vietnam AutoExpo 2021) will take place at the Vietnam National Convention Centre in Hanoi from August 19 to 22, gathering leading brands of commercial and specialised
Policies strongly affect automobile production and trading

Policies strongly affect automobile production and trading

VCN - The Vietnamese auto market has unpredictable characteristics because of the strong impact of policies on production and business activities and customer psychology.
Dozens of automobile and motorbike model have their prices adjusted for registration fee calculation

Dozens of automobile and motorbike model have their prices adjusted for registration fee calculation

VCN - The Ministry of Finance recently issued Decision 1238 / QD-BTC on adjusting, amending and supplementing the price list for the calculation of registration fees for automobiles and motorbikes.
Dossiers and procedures for applying tariff rate of 0% under programme of preferential tariffs for automobile supporting industry

Dossiers and procedures for applying tariff rate of 0% under programme of preferential tariffs for automobile supporting industry

The General Department of Vietnam Customs gave instruction on the implementation of dossiers and procedures for applying tariff rates of 0% as prescribed in Decree 57/2020/ND-CP
New regulations on import duty on automobile components

New regulations on import duty on automobile components

VCN - Decree No. 57/2020 / ND-CP stipulates a preferential import duty rate of 0% for raw materials, supplies and components which have not been domestically manufactured.
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