car parts

Update news car parts

Vietnam spends billions of dollars to import car parts each year for domestic assembling, but it also exports billions of dollars worth of vehicle parts. 

MOF says high tariff policy on less-than-9-seater cars to be maintained

Though affirming the downward trend of the import tariff on brand new car imports under the mode of CBU, MOF says it would take very cautious steps in this process to avoid negative impacts on the domestic automobile manufacturing.

MOF considers ownership tax reduction, auto dealers leap for joy

The Ministry of Finance (MOF) has suggested to reducing the car ownership registration tax and delay the plan to collect the kind of fee aimed in restricting private vehicles in circulation.