Government reduces registration fees to boost car sales
The Vietnamese government has announced a temporary 50% reduction in registration fees for domestically produced and assembled cars on August 30.
Vietnam’s car production grows 27% in 2024
Domestic car production in Vietnam is estimated at 388,500 units in 2024, marking a 27% rise from 2023, according to the General Statistics Office.
Automobile sales in Vietnam down 13% in August
Car sales in August by members of the Vietnam Automobile Manufacturers’ Association (VAMA) fell by 13% from the previous month to 25,196 units, VAMA announced on September 13.
Local car makers to benefit from 50% registration fee cut
Pent-up demand is due to push up car sales in the final months of the year, according to experts.
Ministry supports 50% cut on auto registration fees
The Ministry of Industry and Trade (MoIT) said that it is necessary to devise a 50% cut on auto registration fees and extend the payment of the excise tax on locally-assembled and manufactured cars to stimulate consumer demand and ease the burden on businesses.
Car prices fall sharply in the first months of the year
A number of large manufacturers slashed car prices early this year, signaling fierce competition in the Vietnamese auto market.
Car registration fee reduced to boost market
A 50 percent reduction in registration fees for domestically-assembled cars is forming part of a push to help the auto market grow in the next six months.
October auto sales top to pre-pandemic figures
Sales of automobiles by members of the Vietnam Automobile Manufacturers’ Association (VAMA) in October surged 22 percent against the previous month to reach 33,254 units, indicating consumption is recovering to pre-pandemic levels.
Auto sales fall 14 percent in August
Automobile sales in August were down 14 percent against July, to 20,655 units, despite the introduction of a range of promotional programmes, according to the Vietnam Automobile Manufacturers’ Association (VAMA).
Policies encourage firms to assemble cars in Vietnam
Several automakers are considering assembling their best-selling models in Vietnam due to the Government’s policy of zero import tariffs on components and a 50 percent reduction in registration fees.
Prime Minister cuts registration fee for locally-manufactured car buyers
Prime Minister Nguyen Xuan Phuc will cut 50 percent of registration fees for locally-manufactured and -assembled cars from now to the end of this year.
Da Nang eyes becoming national maritime economy hub
Da Nang is among 28 coastal cities and provinces with deep-water ports that favour the growth of a maritime economy.
Automakers propose Gov’t cut VAT and registration fee for customers
Vietnam Automobile Manufacturers’ Association (VAMA) has proposed the Government reduce value-added tax (VAT) and registration fees for car customers by 50 percent, reports vietnamnet.vn.