Customs contributes record to State budget Business

Customs contributes record to State budget

Vietnam's customs department contributed a record 348 trillion VND (15 billion USD) to the State budget from the collection of import and export taxes in 2019, according to the General Department of Customs.
Sales of locally-assembled cars down, imported cars sharply up Business

Sales of locally-assembled cars down, imported cars sharply up

The sale of domestically-assembled cars during January-July fell 14 percent year on year to some 107,000 units, while that of completely-built units (CBU) shot up 207 percent to over 73,900, the Vietnam Automobile Manufacturers’ Association (VAMA) said on August 12.
Foreign goods puts pressure on domestic businesses Business

Foreign goods puts pressure on domestic businesses

The adoption of a zero percent tariff from January 2018 among member countries of the Association of Southeast Asian Nations (ASEAN) will create opportunities for Vietnamese businesses to seek markets in the region, but competition in the domestic market will also become fiercer with the flood of imports from ASEAN region.
Japanese firms talk VN business obstacles Business

Japanese firms talk VN business obstacles

Japanese enterprises raised four problems they face while doing business in Vietnam in a dialogue with the Advisory Council for Administrative Procedure Reform on December 13.
Car imports up in November Business

Car imports up in November

Vietnamese businesses spent some 200 million USD importing 7,000 completely built-up units (CBUs) in November, according to an estimate of the General Statistics Office (GSO).
Thaco rolls out new model of Mazda CX-5 Business

Thaco rolls out new model of Mazda CX-5

Truong Hai Automobile Joint-Stock Company (Thaco) launched its new Crossover Utility Vehicle (CUV) Model, the Mazda New CX-5, at Chu Lai-Truong Hai Industrial Complex in Nui Thanh district, the central coastal province of Quang Nam on November 18.
Sale of CBU cars up 114 percent in March Business

Sale of CBU cars up 114 percent in March

Sales of completely – built units (CBUs) increased 114 percent to reach 8,484 in March, according to the latest data released by Vietnam Automobile Manufacturer’s Association (VAMA).
MoIT pursues dream of auto industry Business

MoIT pursues dream of auto industry

The Ministry of Industry and Trade (MoIT) will continue pursuing the dream of a real auto industry in Vietnam despite the failure of 20 years of efforts towards this goal.
Automobile sales decrease in June Business

Automobile sales decrease in June

Vietnam’s automobile sales in June totaled 24,421 units, dropping six percent against the previous month, announced the Vietnam Automobile Manufacturers’ Association (VAMA) on July 8.
Auto imports from India surge Business

Auto imports from India surge

The import of completely built-up (CBU) autos from India in May jumped more than 20 times from February to over 3,500 units with an average price of only 112 million VND (4,870 USD).
Over 26,000 cars sold in May Business

Over 26,000 cars sold in May

Vietnam’s automobile sales in May totaled 26,028, increasing just one percent from April but 45 percent from the same period last year, released the Vietnam Automobile Manufacturers’ Association.