Indian Minister of State for External Affairs V.Muraleedharan affirmed India’s commitment to the ASEAN integration and connectivity agenda at the 6th India-CLMV Business Conclave held online on December 3-4.
Vietnam and Belarus have reached consensus on measures to remove bottlenecks for the joint venture MAZ Asia on manufacturing and assembling trucks and specific-use vehicles in the context of complicated development of COVID-19, under their amended protocol signed in Hanoi on December 3.
The sugar industry is facing many challenges and unfair competition from imported and smuggled goods, experts told a conference held in Hanoi on December 1.
A recent online meeting between Vietnamese Deputy Prime Minister Trinh Dinh Dung and his Russian counterpart Dmitry Chernyshenko has aroused the Russian media’s interest in the country’s potential automobile cooperation with Vietnam and the possibility of bringing Russian cars to the ASEAN market through the Southeast Asian nation.
Many automotive manufacturers have announced to soon phase out internal combustion engine and shift towards electric vehicles, which, analysts said, has marked the start of the era of electric cars and scooters.
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).
Car dealers are offering huge incentives for customers to promote sales as the economic impacts from the pandemic persist and the lunar month of July is around the corner.
The Ministry of Finance has officially asked the Government to cut 50 percent of the registration fee for customers who buy locally-produced and assembled automobiles.
Authorities in the central coastal province of Binh Dinh will offer attractive policies and mechanisms to support Mitsubishi Motors Vietnam in building an automobile manufacturing factory at Becamex Industrial Park.
The Government’s decision to offer a zero-import tax rate on automobile components opens significant opportunities for the local industry to lower prices, enhance competitiveness and promote consumption.
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.
The Ministry of Planning and Investment has asked for corporate income tax (CIT) to be cut for small and medium-sized enterprises (SMEs) by half this year in an effort to boost growth when the COVID-19 pandemic eases.
Nearly 400,000 cars were sold in the Vietnamese market in 2019 thanks to valuable gift and discount programmes, which were launched at the beginning of the year, said the Vietnam Automobile Manufacturers’ Association (VAMA).
According to the Ministry of Industry and Trade, currently many industrial firms of Vietnam have not mastered the core technology, and they mainly join sections of low technological contents and added values.
A business delegation from the Japanese prefecture of Hyogo worked with authorities of the northern province of Ha Nam on November 5 to study the local investment environment.
The 2019 Vietnam Motor Show opened in Ho Chi Minh City on October 23, showcasing the latest models and advanced technologies from 15 Vietnamese and foreign auto brands.
Vietnam needs to issue special policies for the automobile industry to catch up with other countries in the ASEAN region, said experts at a conference held in Hanoi on October 22.
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