The government will soon issue the legal document amending Decree 116 on the conditions for manufacturing, assembling, and importing cars, and providing car maintenance services.

Cars will have to re-test their emissions and teaching driving will be tightened. In addition, car imports from the EU will bear lower tariffs.

Ford Vietnam on January 14 announced it was investing another US$82 million (VND1.9 trillion) to upgrade its Hai Duong assembly facility and expand its annual production capacity to 40,000 vehicles.

2019 witnessed a fierce race among manufacturers and distributors to reduce prices to attract more buyers.

South East Asia will continue to be the bright spot of the Asia's vehicle sales market in 2020, led by Vietnam, according to Fitch Solutions research.

Car sales in Vietnam have been forecasted to hit the record high of 400,000 by the end of this year.

Car dealers at many firms in Vietnam are complaining about slow sales as it approaches the end of 2019.

Vietnam Supporting Industries Forum 2019 held on November 28 in Hanoi.

Some experts and government units have voiced concern over the future growth prospects of the local automobile sector due to the upsurge in car imports from foreign markets in recent months.

The Vietnamese market in the first half of 2019 has welcomed both imported and assembled new car models, including the Mitsubishi Xpander which now ranks as one of the ten best-selling cars.

In 2018, the automobile market was affected by Decree 116, which regulates manufacture, assembly and importing of cars. 

VietNamNet Bridge - Vietnam was the second fastest growing car market in the world in 2016, with imports favored by most Vietnamese buyers. 

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Automobile manufacturers have successively launched the car models with the cylinder capacity of less than 2.0L, hoping the models would help stimulate the demand.

While other industrial businesses complain about the big inventories, car dealers seem to be unhurt by economic difficulties, seeing the car sales increase steadily.