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.
Domestic auto: opportunities and challenges Business

Domestic auto: opportunities and challenges

Despite Government efforts, domestic auto production has not yet satisfied demand. Pham Anh Tuan, Deputy Director of the Department of Heavy Industry, talks about domestic automaking prospects.