Imported cars should be included in registration fee reduction scheme

The 50% registration fee reduction scheme, previously proposed by the Government for cars made and assembled in Vietnam, should apply to imported vehicles as well, according to the Vehicles Importers Vietnam Association (VIVA).
Imported cars should be included in registration fee reduction scheme ảnh 1

Outside of a car showroom in Hanoi. (Photo: VNA)

Hanoi (VNS/VNA) - The 50% registration fee reductionscheme, previously proposed by the Government for cars made and assembled inVietnam, should apply to imported vehicles as well, according to the VehiclesImporters Vietnam Association (VIVA).

VIVA, and all of its 12 members, have filed a petition to the Ministry ofIndustry and Trade, the Ministry of Finance and the central Government.

The petition said the difficulties experienced by the automobile industry dueto a severe decline in demand were not limited to Vietnamese car makers. VIVAsaid orders have been low since November last year, severely affecting carimporters.

VIVA members have been even more affected as inventory remained high whiledemand showed no sign of improving in the foreseeable future, said theassociation.

Vietnam imported 12,842 cars in January this year, three times the numberrecorded during the same period last year. From October to December last year,the number of imported cars also jumped to more than 77,000 vehicles, from25,700 vehicles during the same period in 2021.

In addition, scandals and arrests of many government officials from theDepartment of Vehicle Registration in the last two months delivered yet anotherblow to the domestic car market, putting great financial pressure on VIVA.

The association welcomed the Government's initiative in supporting businessesbut stressed the importance of fairness, saying the reduction in registrationfees should also be applied to imported vehicles.

VIVA said domestic cars have benefited from the last two registration feereductions of 50%, while imported cars sat on the sidelines. The associationwarned this could be viewed as a violation of Clause III.4 of the GeneralAgreement on Tariffs and Trade (GATT), which Vietnam ratified.

Under GATT, Clause III.4 stipulates that members must not apply internal taxesor other internal charges, laws, regulations, and requirements affectingimported or domestic products to afford protection to domestic production./.
VNA

See more

Can Gio International Transit Port blueprint. (Photo: sggp.org.vn)

Can Gio port added to national seaport development plan

The Ministry of Transport has approved adjustments to policies, solutions, and resource allocations for the implementation of the national seaport system master plan for 2021-2030, with a vision to 2050. The Can Gio port is now part of the implementation roadmap.

Rice packaging at the factory of Loc Troi Group in An Giang province. (Photo: VNA)

Vietnam expected to export over 7.5 million tonnes of rice in 2025

MARD’s supply and demand report sent to the Ministry of Industry and Trade (MoIT) projects the Mekong Delta will cultivate 3.78 million hectares of rice, yielding more than 23.96 million tonnes. Of this, 15.08 million tonnes of commercial rice, equivalent to 7.54 million tonnes of husked rice, will be available for export.

Representatives from EzyRemit Worldwide and Sacombank-SBR at the meeting on February 17 in Sydney. (Photo: VNA)

Vietnamese, Australian firms promote comprehensive strategic cooperation

EzyRemit Worldwide, one of the leading fintech companies in Australia, and Sacombank-SBR of Vietnam discussed expanding cooperation and enhancing international money transfer and payment services between Vietnam and Australia, thereby providing more values for customers in both countries.

An overview of the meeting (Photo: VNA)

Binh Duong works to remove obstacles facing major FDI firms

Authorities of the southern industrial hub of Binh Duong held a meeting with two major foreign direct investment (FDI) enterprises operating in the province to address challenges facing the firms in production and business operations while encouraging their further expansion.