Finance Ministry proposes new tax on pickups Business

Finance Ministry proposes new tax on pickups

The Ministry of Finance has proposed that the Government apply a special consumption tax on pickups to be set at 60 percent of the tax on cars with nine seats or less with similar engine displacement, a move that would sharply increase their costs.
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).
Laws, resolution and ordinance announced Politics

Laws, resolution and ordinance announced

The President’s Office announced seven laws, one resolution and an ordinance, which were adopted at the 11th session of the 13th National Assembly at a news conference held in Hanoi on April 29.
Consumption tax hike needed Business

Consumption tax hike needed

Health activists say special consumption taxes imposed on alcohol, beer and tobacco should be increased to improve community health and tackle the national budget deficit.
Agenda of NA’s 11th meeting put on table Politics

Agenda of NA’s 11th meeting put on table

The content and agenda of the 11th meeting of the 13th National Assembly, to be held in late March, were among the talking points of the NA Standing Committee’s 45th session on the morning of Feb 24.