return icon

Finance Ministry rejects VAMA’s proposal to slash car registration fee by 50%

The Ministry of Finance has just responded to the petition of the Vietnam Automobile Manufacturers Association (VAMA) on additional support policies for businesses facing difficulties caused by the Covid-19 pandemic.


Bộ Tài chính từ chối đề xuất giảm 50% lệ phí trước bạ ô tô


The Ministry said that over the past time, to solve difficulties for businesses, organizations, households and individuals, including those in the automobile manufacturing and assembly industry, caused by the Covid-19 pandemic, many policies to support all economic sectors have been issued.

Specifically, the Ministry has submitted to the Government to issue Decree No.41/2020/ND-CP on an extension of deadline for tax payment and land rent; Decree No. 109/2020/ND-CP on extension of payment deadline for special consumption tax for domestically manufactured or assembled automobiles; Decree No. 70/2020/ND-CP on reduction of 50% of registration fee for domestically manufactured and assembled automobiles by December 31, 2020; Decree No. 52/2021/ND-CP on extension of time for payment of value added tax, corporate income tax, personal income tax and land rent in 2021.

After reviewing these support policies, the Ministry found that the proposal to reduce 50% of the registration fee for newly registered cars is inappropriate in the current context. Accordingly, the Ministry of Finance suggested that VAMA members comply with the current regulations on registration fees.

Recently, to promote the development of the domestic automobile industry in the new context, Decree No. 57/2020/ND-CP amends some regulations of Decree No. 122/2016/ND-CP and Decree No. 125/2017/ND-CP on the tax incentive program for car manufacturing and assembly, including: adding electric cars, cars using batteries, hybrid cars, cars using biofuel, cars using natural gas to promote the development of environmentally friendly vehicles; amending of regulations on vehicle models and simplifying related administrative procedures; amending the minimum general output criteria of vehicle groups and the minimum specific output of auto models to suit the current situation of the automobile manufacturing and assembly industry in the context of the pandemic and to be consistent with the industry’s development strategy and planning, taking into account forecasting factors in the future.

In the coming time, the Ministry of Finance will update the data and production situation of domestic automobile manufacturing and assembling enterprises and developments, and the impact of the Covid-19 pandemic and coordinate with relevant ministries and agencies in order to suggest appropriate policies for the domestic automobile industry.

H. Duy


VN tennis players qualify for World Group II play-offs in 2023

The Vietnamese tennis team have been promoted to the World Group II play-offs in 2023 after enjoying a resounding 3-0 win over Syria in the 2022 Davis Cup Group III in the Asia/Oceania region.


NA Chairman approves financial support for pandemic-hit laborers

Removing bottlenecks to attract foreign visitors to Vietnam

The local tourism industry is currently devising ways to iron out snags in attracting foreign visitors to the country, as the number of foreign arrivals during the first half of the year was far below the set target.

Demand for logistics real estate increases sharply: Savills Vietnam

Vietnam’s logistics industry is developing strongly thanks to the growth of the e-commerce industry, according to Savills Vietnam.

Discover the exquisite rainbow rice noodles of Can Tho

Rainbow rice noodles, also known as five-coloured hủ tiếu, are a fun take on the traditional Vietnamese rice noodles and a must-try for every tourist to Can Tho City in the Mekong Delta.

A unique cave awaits explorers in Quang Binh Province

Va Cave in the core zone of the Phong Nha- Ke Bang National Park in Quang Binh Province, with its unique stalagmites and stalactites, is a natural beauty waiting to be discovered by explorers.

The most important 'economic corridors' for next 10-30 years

The national planning draft for 2021-2030 with a vision towards 2050 focuses on the formulation and development of economic corridors, dynamic zones, large cities and economic zones associated with the national infrastructure framework.

Artisans strive to keep traditional craft alive

Artisan Tran Van Ban is busy all day from early in the morning to the evening. He is carving out beautiful mooncake molds to serve people's demands for the Mid-Autumn Festival which is approaching in the next few weeks.

Goalkeeper Dang Van Lam returns home to join a V.league 1’s club

Goalkeeper Dang Van Lam is set for a return to V.League 1 after touching down in HCM City with his agent.

VN Aviation Business Association proposal raising domestic airfare ceiling

The president of the Vietnam Aviation Business Association (VABA) has proposed to adjust the ceiling fare for domestic airlines to promote the industry's recovery.

More than 251 million doses of COVID-19 vaccines administered in Vietnam

More than 251 million doses of COID-19 vaccines have been administered to Vietnamese people of all ages across the country, including nearly 100,000 doses given on August 14, according to the Ministry of Health.

Foreign experts learn from Vietnam’s biphasic in vitro maturation technology

A group of four Australian doctors and experts visited My Duc Hospital in Phu Nhuan district, Ho Chi Minh City, to learn from the Vietnamese side’s experience in biphasic in vitro maturation (CAPA-IVM) from August 13-14.

HCM City ready to reactivate COVID-19 treatment hospitals

The Department of Health of Ho Chi Minh City has recently requested its medical facilities to get plans readied for the acceptance and treatment of COVID-19 patients in the context of increases in the number of new cases.

How many supermarkets are in Hanoi, HCM City?

In some localities in the country, no new supermarket has been set up over the last seven years.

Can the Vietnamese metaverse classroom compete with Facebook and Google?

With beautiful graphics, colors and materials, Vietnam’s Elite Meta is dreaming of competing equally with giants Facebook and Google.