The output of domestically-produced automobiles and motorbikes increased
by 23.7 and 21.8 percent, respectively, during the first seven months
of the year, reported the Ministry of Industry and Trade.
Local car manufacturers sold 9,386 units in May, up 7 percent over the
same period last year, according to the Association of Vietnam
Automobile Manufacturers (VAMA).
January auto sales surged 76 percent
over the same period last year to 6,961 units, the Vietnam Automobile
announced in its monthly report.
Sales of commercial
vehicle reported the highest surge of 150 percent with 3,340 units
sold. Passenger cars followed with 2,170 units, up 79 percent and
MPV/SUV vehicles reached 1,440 units, a 3 percent increase.
The Ministry of Finance has turned down
a proposal by the Vietnam Automobile Manufacturers Association (VAMA)
to extend the expiration date of tax incentives on automobiles until
the end of next year, a ministry official has said.
Despite the surge in domestic demand,
the Vietnam Automobile Manufacturers Association (VAMA) is urging the
Ministry of Industry and Trade to maintain current tax and fee rates.
XIII National Congress of Communist Party of Vietnam
