auto industry

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The dilemma of boosting localization in a small marketicon
BUSINESS16/12/20200

The dilemma of boosting localization in a small market

Resolution 115/2020/NQ-CP aims to fuel the growth of supporting industries, including those for cars. However, these policies are unlikely to change the supply chain of the auto industry and enhance localization given Vietnam’s small market.

 
Car prices expected to drop in Augusticon

Car prices expected to drop in August

BUSINESS
12/06/2020

More people could afford imported cars from the EU when the EU-Vietnam Free Trade Agreement (EVFTA) takes effect from August 1.

Finance ministry drafts decree on cutting auto registration feesicon

Finance ministry drafts decree on cutting auto registration fees

BUSINESS
04/06/2020

The Ministry of Finance is compiling a draft decree on lowering the registration fees of locally assembled or manufactured autos by 50% until the end of this year and will consult other ministries before submitting it to the Government for approval.

Import duties to be eliminated for auto partsicon

Import duties to be eliminated for auto parts

VIDEO
17/08/2019

The Ministry of Finance plans to eliminate the import tax for auto materials and parts in order to support the development of the country’s automobile industry.

Zero-percent taxed cars enter Vietnam, bring profits to Thais, Indonesiansicon

Zero-percent taxed cars enter Vietnam, bring profits to Thais, Indonesians

BUSINESS
29/06/2019

Vietnam has become a large market which earns billions of dollars for Thai and Indonesian manufacturers each year.

Vietnam spends billions on auto spare part importsicon

Vietnam spends billions on auto spare part imports

BUSINESS
25/06/2019

Vietnam has continued spending billions of US dollars on importing auto spare parts as the local car industry failed to achieve it's localisation targets.