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Update news vama

Vietnam puts high hopes on Russia to fulfill ‘automobile dream’

VietNamNet Bridge - If Russia and Belarus focus on making low-cost trucks, they will find firm positions in the Vietnamese market.

Hope for car price reductions by 2018 dashed

VietNamNet Bridge - Under the latest version of the draft luxury tax law, cars will not be priced lower before 2018. 

What can Vietnam expect from Toyota’s localization program?

Experts said that Vietnam can take full advantage of Japanese auto manufacturers’ support and Vietnamese businesses could, as a result, become second-class car part suppliers to Toyota and other foreign-invested enterprises (FIEs).

Auto assembling industry to no longer receive preferences

VietNamNet Bridge - The Ministry of Finance (MOF) believes that policies on giving preferences to the automobile industry must be removed because they did not help develop the industry in the last two decades.

Will foreign investors leave because the domestic market is too small?

VietNamNet Bridge - Some foreign investors have warned that they may leave Vietnam because of unfavorable conditions to do business. However, Vietnamese businesses and analysts believe they will stay in the country.

TPP will be ‘light at the end of tunnel’ for Vietnam’s automobile industry: expert

VietNamNet Bridge - The Trans Pacific Partnership Agreement (TPP) brings a ray of hope to the Vietnam’s automobile industry.

Auto manufacturers ask for more tax incentives

VietNamNet Bridge - The Ministry of Finance (MOF) is considering cutting the corporate income tax as a way to encourage the domestic automobile industry. However, manufacturers still say the promised tax incentives are not attractive.

Vietnam still tries to develop automobile industry

VietNamNet Bridge - The government of Vietnam does not intend to give up the dream of developing an automobile industry, even though it has failed to do so in the last two decades.

Vietnamese multibillion-dong auto factory near death

Many years ago, Vinaxuki made its way in the world, greeted with applause from state management agencies, which vowed to develop a Vietnamese automobile industry. 

Has the state given up the “Vietnam-made automobile” dream?

VietNamNet Bridge – The breakup of the State with Vinamotor, in the eyes of analysts, is an “unhappy ending” of a strategy to protect domestic automobile production.

Made-in-China trucks dominate Vietnam market

VietNamNet Bridge – Vietnam’s automobile industry, as part of its development strategy, is focusing on manufacturing trucks.

Toyota Vietnam CEO elected VAMA Chair

 VietNamNet Bridge – The Chief Executive Officer (CEO) of Toyota Vietnam has replaced Ford Vietnam’s CEO to assume the chairmanship of the Vietnam Automobile Manufacturers Association (VAMA) as of January 30, according to VAMA’s announcement.

BUSINESS IN BRIEF 17/11

Buyback plan boosts ACB share prices; Northern bourse to collaborate with Vinalines; Mutual Fund gets major Mobile World stake; No ASEAN goods surge with tariff cuts; First Vietnamese shrimp farm meets sustainability standards

BUSINESS IN BRIEF 22/7

 Chinese farm produce floods Vietnam market; Vietnamese products faked overseas; Ben Luc-Long Thanh highway construction starts in HCM City; Binh Dinh to get tough on foot-dragging investor; Vietnam expected to import 150,000 Aussie cows this year

BUSINESS IN BRIEF 12/7

VCCI accused of misusing state budget funds; SBV Governor: Big banks also to be restructured; Retail sales up over 10% in H1; Cat Lai Port refuses containers to ease congestion; GE Aviation eyes Vietnam as global supply chain link

Domestic car sales ahead of estimate

 VietNamNet Bridge – Sales of domestically assembled cars in Viet Nam rose 19 per cent in 2013, the Viet Nam Automobile Manufacturers Association (VAMA) said last Saturday.

Auto industry faces crossroads ahead of ASEAN trade pact

 VietNamNet Bridge – Viet Nam's automotive industry could face major collapse under commitments to the ASEAN Free Trade Area (AFTA) which will abolish auto import taxes in 2018.

Tax policies encourage manufacturers to make small, low cost cars

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.

Despite difficulties, foreign auto manufacturers still squeeze into Vietnam

While keeping complaining about the small scale of the Vietnamese market and the changeable policies, foreign automobile manufacturers still have been flocking to Vietnam.

Ministry puts skids on vehicle tax proposals

 VietNamNet Bridge – The Ministry of Finance (MoF) has rejected measures proposed by the Viet Nam Automobile Manufacturers Association (VAMA) to reduce vehicle taxes in order to help auto makers overcome their current difficulties.