Vietnam supports domestic automakers Business

Vietnam supports domestic automakers

A multi-sector working team will be set up to evaluate the domestic automobile market in correlation with global regulations and Vietnam’s free trade agreements.
Government mulls safeguards to protect domestic carmakers Business

Government mulls safeguards to protect domestic carmakers

Deputy Prime Minister Trinh Dinh Dung has asked the Ministry of Industry and Trade (MoIT) and relevant agencies to study the possibility of applying safeguards to protect the domestic automobile manufacturing industry from looming zero-tariff car imports.
TPP to remove car tariffs in 13 years Business

TPP to remove car tariffs in 13 years

Countries of the Trans-Pacific Partnership (TPP), including Vietnam, will remove tariff on new cars in the 13th year after the agreement comes into effect, a finance ministry official said.
Business

Auto sales leap 43 percent in February

Seventeen members of the Vietnam Automobile Manufacturing Association (VAMA) last month sold a total of nearly 6,120 vehicles, down 25 percent over the same period last year, but up a significant 43 percent since January, the association reported.
Business

Car imports decline for first time

The domestic automobile market this month may see a decrease in both import volume and value for the first time, according to the General Statistics Office (GSO).
Business

Car imports drop 75 percent in January

The import value of automobiles in the first month of this year reached only 45 million USD, a 76.4 percent decrease over December, according to the General Statistics Office (GSO).
Business

Auto tax incentives won’t be extended

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.