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Ministry of Finance proposes delaying auto localization rule abolition
There will be regulatory gaps when the automobile localization ratio regulations are abolished on October 1, 2022, the Ministry of Finance (MOF) said, proposing delaying the abolition to have time to adjust.
Growth slows down, manufacturers try to find niche markets
VietNamNet Bridge - As the motorbike market is going flat, manufacturers have to reform technologies and penetrate niche markets to boost sales.
Sci-tech Ministry asked to reconsider calculating localization ratio in electronics
VietNamNet Bridge - Businesses have asked the Ministry of Science and Technology (MST) and relevant agencies to count on ‘brain content’ when calculating the localization ratio in electronic products.
Vietnam’s electronics industry heats up
VietNamNet Bridge - A number of electronic manufacturers have come to Vietnam to develop multi-billion dollar electronics production projects.
Big rewards promised for auto manufacturers to raise localization ratios
VietNamNet Bridge – If having the locally made content ratios of 40 percent or higher for less-than-9-seat cars, automobile manufacturers would enjoy the 70 percent luxury tax.
