automobile industry

Update news automobile industry

Vietnam to shift to clean-fuel vehicles by 2035

Vietnam’s electric automobile industry has started and many enterprises want to join the automobile production chain as they can see great opportunities.

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.

Vietnam, Russia to ink protocol on automobile production cooperation

Deputy Minister of Industry and Trade Dang Hoang An and his Russian counterpart Alexey Gruzdev had an online working session on November 3.

Car importers’ request for lower registration tax worries domestic manufacturers

The request for a registration tax cut, if approved, will mostly benefit luxury car buyers.

11 imported-car distributors propose 50% reduction in registration fees

The Vehicles Importers Vietnam Association (VIVA) has submitted a written proposal to the Ministry of Finance regarding a 50% cut in car registration fees.

Vietnam needs long-term vision to develop automobile industry: experts

After 30 years of development, Vietnam’s enterprises can only make 287 car parts, which are mostly simple products. The industry uses a large amount of labor and has low added value and high production costs.

Car sales drop, prices plummet

Automobile manufacturers are facing sharp drop in sales and increased inventories as social distancing has been imposed in many cities and provinces, vehicle registration has been halted, and sale agents have had to close the doors.

Ministries want to amend luxury tax policy to ease automobile prices

The prices of domestically assembled automobiles are expected to go down once the luxury tax policy is amended. Strategic small-capacity and fuel saving models will be given priority.


Car dealers offer big discounts amid Covid-19 outbreak

Car sales have dropped sharply because of the fourth Covid-19 outbreak, prompting dealers to offer big discounts.

Gov't reviews Vingroup's proposal on electric-car policy

Some Vietnamese enterprises have invested in electric-car manufacturing and charging stations, but an overall electric car strategy has yet to be developed by the government.


Investors prefer trading in land, shun the less profitable auto industry

Vingroup has sent a dispatch to the Ha Tinh provincial People’s Committee, proposing a project on an automobile complex.

Lack of semiconductor chip to affect car sales

The global vaccination led to a positive economic outlook, resulting in faster and stronger demand for car.

Vietnam to raise tax on cars with high emissions

Experts have suggested imposing high taxes on vehicles and encouraging the use of electric cars.

When will Vietnam begin to make electric cars?

On March 24, Vinfast made headlines after releasing its statement about receiving orders for its first electric car model VF e34 for VND690 million (about $32,000), to be delivered in the third quarter of 2021. 

Will Vietnam compete with Thailand, Indonesia to manufacture electric cars?

In Southeast Asia, Thailand and Indonesia are running a race to become electric car manufacturing centers of the region and the world. Will Vietnam join the race?

Car dealers begin clearance sales, reduce prices by up to VND100 million

Car sale agents have launched promotion programs in an effort to clear stock, but the price reductions are lower than those in the same period last year.

Indonesia targets electric car production, posing challenge for VN auto industry

Indonesia aims to become an electric car manufacturing center in the region in the next few years, which will be a competitive challenge for Vietnam's domestic automobile industry.

Companies vie for right to import used luxury cars

The Ministry of Investment and Trade (MOIT) has announced that a special bidding session, held once a year, will be organized in May for the right to import used cars.

Vietnamese rush to buy cars as prices fall

Though the automobile market has become big enough for manufacturers to step up domestic production, industry policies remain unencouraging.

Vietnam enters car consumption boom period

Vietnam aims to obtain a GDP growth rate of 6.5 percent this year and average income per capita of $3,700. With rising incomes, car sales are expected to boom.