Gov’t support aids automobile industry Business

Gov’t support aids automobile industry

The domestic automobile industry was forecast to thrive, given the Government’s supports in tax policies for imported automobile components coupled with the increasing income of citizens, according to a report by the Viet Dragon Securities Corporation (VDSC).
Auto market expected to prosper in year-end months Business

Auto market expected to prosper in year-end months

The domestic automobile market is expected to thrive in the second half of 2020 after a long stagnation due to the COVID-19 pandemic, driven mainly by the Government’s great support and strong discounts from dealers.
Car imports plunge in April Business

Car imports plunge in April

Vietnam imported 60,000 cars in April, a decrease of 50.6 percent compared with the previous month, according to the General Department of Customs.
Gov’t to loosen conditions for auto imports Business

Gov’t to loosen conditions for auto imports

The Government will soon issue a revision to Decree 116/2017 on the conditions for production, assembly, import and business of automobile warranty and maintenance services, removing a number of regulations relevant to auto imports.
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.
Promotions help boost auto sales in May Business

Promotions help boost auto sales in May

Vietnamese automobile manufacturers and distributors had a banner month in May as the sales of car experienced a strong monthly growth of 30 percent following a line-up of promotions and discount programmes.
Auto industry develops but local part supply still low Business

Auto industry develops but local part supply still low

The automobile industry of Vietnam has witnessed progress in the last two years, but the localisation rate (local part supply) still remains low, not meeting the set target, according to a Ministry of Industry and Trade (MoIT) report sent to the National Assembly for discussion and direction.