Ministry forecasts demand for cars to boom in 2020 Business

Ministry forecasts demand for cars to boom in 2020

The average income per capita in Vietnam will reach about 3,000 USD in 2020 and the demand for cars will boom, according to the Ministry of Industry and Trade’s (MoIT) forecast presented at a seminar in Hanoi on October 12.
Vietnam’s auto sales reach 20-year record Business

Vietnam’s auto sales reach 20-year record

The total number of automobiles sold in 2016 reached 304,427 units, the highest level recorded by Vietnam’s auto market in the past 20 years, the Vietnam Automobiles Manufacturers Association (VAMA) announced on January 11.
Imported cars to cost more after tax changes Business

Imported cars to cost more after tax changes

Imported cars are expected to become more expensive by around 5 percent if the finance ministry's draft plan to adjust the calculation of special consumption tax on imported automobiles is approved.