vietnam's automobile industry

Update news vietnam's automobile industry

VN needs $90 billion to develop EV charging stations, reduce emissions

To reduce net emissions to zero by 2050, Vietnam needs $90.88 billion (VND2.26 quadrillion) in the next 25 years to develop a network of charging stations for green transport. The minimum investment capital needed is $31.76 billion (VND792 trillion).

Chinese electric vehicles spark debate over protection of VN's auto industry

With Chinese brands rapidly expanding in the Vietnamese market, experts are calling for protective policies to safeguard local manufacturers and ensure the country’s long-term industrial growth.

Will Vietnam become an electric-vehicle manufacturing powerhouse?

Despite a later start than other regional countries such as Thailand, Indonesia and Malaysia, Vietnam has established itself as a formidable rival in the automobile market.

Government approves temporary 50% reduction in auto registration fees

The Vietnamese government has finalized a decision to halve registration fees for locally produced cars for the remainder of 2024.

Ministry flags potential violations in proposed car registration fee reduction

The Ministry of Finance has raised concerns about the potential risks of reducing registration fees for domestically produced cars, highlighting the possibility of violating international commitments.

What if Vietnam cuts the vehicle registration tax again?

Although the Ministry of Finance (MOF) has proposed cutting the vehicle registration tax by 50 percent, it is worried about the implementation of international commitments.

Vietnam shows a strong determination to shift towards EVs

Vietnam is highly committed to transforming towards green practices across various industries, including the car industry.

Vietnam urgently needs standards for electric and hybrid vehicle emissions

There is currently no national standard for emissions for electric and hybrid vehicles in Vietnam, which has hindered many manufacturers from producing or importing these vehicles.

Vietnam Motor Show to feature giant brands

The Vietnam Motor Show (VMS), the largest playground for the automotive industry in Vietnam, will return in October this year after a one-year hiatus due to difficult economic conditions, bringing together many global brands.

Over 30% of Vietnamese consumers are interested in EVs: report

More than 30% of Vietnamese consumers are interested in purchasing electric vehicles (EVs), according to a recent Deloitte’s global automotive consumer study.

VN’s automobile industry still faces challenges in implementing FTAs

Vietnam has made efforts to build a strong domestic automobile industry with a view to becoming an exporter. However, the young industry faces many challenges, especially in implementing FTAs.

Can mini cars change Vietnamese travel habits?

The price of mini car models available in Vietnam remain high, limiting the number of purchases. If the prices were halved, however, sales would increase.

Vehicle registration fee reduction weighed

Prime Minister Pham Minh Chinh has told the Ministry of Finance to prepare and send a vehicle registration fee reduction plan to the Government by May.

VN outlines strategy to boost domestic automobile industry

The strategy should also aim to increase the market share of domestically produced automobile products gradually, with the intent to replace imported products.

Can Vietnam attract investment in EV manufacturing?

Reuters has quoted its source from Phu Ha Industrial Zone(IZ) in Phu Tho province as reporting that BYD, the large automobile manufacturer from China, has postponed its plan to build an EV (electric vehicle) factory in Vietnam.

More practical policies for hybrid vehicles proposed

It is necessary to study proposals from experts and businesses to have more practical policies for electric vehicles, particularly hybrid vehicles.

7 top events of Vietnam’s automobile industry in 2023

2023 was a tough year for automobile manufacturers as demand was weak despite considerable price decreases. However, there was good news that marked an important milestone of the industry.

Finance Ministry turns down auto manufacturers’ tax proposals

Proposals by Toyota and Ford about tax incentives have not received support from the Ministry of Finance (MOF) which says there are already many policies to support the domestic automobile assembling and manufacturing.

Finance Ministry rejects carmakers' tax incentive proposals

The Ministry of Finance has declined to support proposals put forth by Toyota and Ford to relax regulations and include certain auto parts in the list of items eligible for a 0% tax rate.

Preferential policies needed to facilitate the transition to EVs in VN

Facilitating the transition to electrified vehicles in VN, State management bodies must put forth preferential policies, development strategies and initiatives to encourage adoption by users, according to experts.