MoIT to select top priority industries for support Business

MoIT to select top priority industries for support

Key industries like textiles, footwear, electronics, food and seafood processing must be prioritised for support in the “new normal” situation, said Truong Thanh Hoai, Director of the Industry Department under the Ministry of Industry and Trade (MoIT).
COVID-19 affects Vietnam’s automotive industry Business

COVID-19 affects Vietnam’s automotive industry

The spread of the COVID-19 pandemic in almost all countries and territories worldwide is likely to force automobile manufacturing and assembly firms in Vietnam to scale down operations and even close their factories.
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.
Auto imports in January 46 times higher than last year Business

Auto imports in January 46 times higher than last year

Vietnam imported nearly 11,700 cars worth more than 273 million USD in the first month of 2019, marking the fifth consecutive month with a volume of at least 10,000 units, according to statistics from the General Department of Vietnam Customs.
Automobile industry ramps up growth efforts Business

Automobile industry ramps up growth efforts

Import tax on CBU (completely built unit) cars from Southeast Asian nations will be reduced to zero by 2018, posing a challenge for Vietnamese policy-makers and car producers, who now need to find ways to boost the domestic automobile industry further.