VIETNAM automobile industry

Latest News about VIETNAM automobile industry

Portraits of Made-in-Vietnam automakersicon
FEATURE07/09/20210

Portraits of Made-in-Vietnam automakers

Mr. Tran Van Tam, the owner of a homemade electric car, was recentlyy introduced on a British news site. Tam’s road from a dream to research and development of cars was a difficult journey.

 
Roadmap needed to develop ‘clean’ auto industryicon

Roadmap needed to develop ‘clean’ auto industry

FEATURE
05/06/2021

To develop electric vehicle industry, charging stations, batteries and reasonable prices are all needed. But an overall policy for these issues is not yet available in Vietnam, particularly battery waste disposal and treatment.

New regulations to change Vietnam automobile industry in 2021icon

New regulations to change Vietnam automobile industry in 2021

BUSINESS
14/01/2021

Cars in Vietnam since 2021 are subject to new regulations such as registration fee, import tariff, and higher emission standards.

Finance ministry wants car registration fee cut suspendedicon

Finance ministry wants car registration fee cut suspended

BUSINESS
26/11/2020

The Ministry of Finance has written to the prime minister proposing a halt to the reduction in the registration fee for locally assembled or manufactured cars, 

Vietnam gov’t eyes further preferential policies to support automobile industryicon

Vietnam gov’t eyes further preferential policies to support automobile industry

BUSINESS
19/11/2020

Existing incentive policies are not attractive enough to encourage local enterprises to further invest in the automobile industry.

The wealthy continue to spend big money on cars despite Covid-19icon

The wealthy continue to spend big money on cars despite Covid-19

BUSINESS
18/11/2020

While Covid-19 has had a big impact on the economy and most people, it has not hurt the rich. They are stil spending big money on luxury car models.

Manufacturers aim to make enough cars for Vietnamese marketicon

Manufacturers aim to make enough cars for Vietnamese market

FEATURE
27/10/2020

The Ministry of Planning and Investment (MPI) is drafting a plan on solutions to take full advantage of the opportunities to be brought by the investment relocation wave after Covid-19 to develop supporting industries 

Gov’t support aids automobile industryicon

Gov’t support aids automobile industry

BUSINESS
14/10/2020

The domestic automobile industry was forecast to thrive, given the Government’s supports in tax policies for imported automobile components coupled with the increasing income of citizens.

Manufacturing automobiles is a costly gameicon

Manufacturing automobiles is a costly game

FEATURE
20/09/2020

Automobile manufacturers usually incur a loss for the first 5-10 years of operation, but some of them have had to give up the game because they could not afford the high costs.

Anxious carmakers hoping losses remain in rear mirroricon

Anxious carmakers hoping losses remain in rear mirror

BUSINESS
10/09/2020

Despite efforts in converting part of their facilities to produce ventilators and face masks for fighting the coronavirus pandemic, global carmakers are still reporting losses 

Auto manufacturers in Thailand, Indonesia look to Vietnam to sell carsicon

Auto manufacturers in Thailand, Indonesia look to Vietnam to sell cars

BUSINESS
07/09/2020

Car imports in Vietnam have increased again after a long slump caused by the impact of Covid-19. Thailand and Indonesia have been the biggest sellers.

Big auto manufacturer goes bankrupt, can't sell assetsicon

Big auto manufacturer goes bankrupt, can't sell assets

BUSINESS
31/08/2020

Banks are trying to sell Vinaxuki’s assets to collect debts, but the assets remain unsold.

Car dealers experience hardships amid weak demandicon

Car dealers experience hardships amid weak demand

BUSINESS
27/08/2020

Car trading companies are complaining about high inventories and sharp profit decreases as people have cancelled car purchase plans amid Covid-19.

Dealers slash selling prices, government cuts tax, but cars remain unsoldicon

Dealers slash selling prices, government cuts tax, but cars remain unsold

BUSINESS
23/08/2020

Despite the 50 percent vehicle registration tax cut and large-scale sale promotion programs, inventories are still high and sales are on the decrease.

Local automobile manufacturers look forward to big preferencesicon

Local automobile manufacturers look forward to big preferences

BUSINESS
18/08/2020

What should automobile manufacturers do – import cars for domestic sale or assemble cars domestically? They prefer the second solution, though the first brings higher profit.

Auto firms urged to have suitable business plans amid COVID-19icon

Auto firms urged to have suitable business plans amid COVID-19

BUSINESS
12/08/2020

Automobile producers are observing the complex changes of the second wave of the COVID-19 pandemic to adjust their businesses.

Policies encourage automakers to assemble cars in Vietnamicon

Policies encourage automakers to assemble cars in Vietnam

BUSINESS
06/08/2020

 Several automakers are considering assembling their best-selling models in Viet Nam due to the Government’s policy of zero import tariffs on components and a 50 per cent reduction in registration fees.

Manufacturers rush to assemble cars to enjoy 50% registration tax cuticon

Manufacturers rush to assemble cars to enjoy 50% registration tax cut

BUSINESS
04/08/2020

The automobile market has become bustling with more and more car models, mostly domestically assembled, introduced.