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| Thaco has pledged to continue investing in automobile manufacturing. Photo nld.com.vn |
HA NOI (Biz Hub) — The Government has agreed to grant a request by the Truong Hai Automobile company (Thaco) to extend their deadline for paying import tax of more than VND1.2 trillion (US$75 million) from July 1, 2013 to June 30, 2014.
The approval was given after Thaco reported that it had an inventory worth more than VND3.3 trillion but owed about VND5.6 trillion to credit institutions.
The economic situation in Viet Nam and the declining world markets have led to a drop in sales in automobile. — VNS