The price adjustment will see an increase of VNĐ50,000 per tonne for most companies, while The Vissai has set a smaller increase of VNĐ46,300 per tonne.
The proposed decrease in tax rates for self-charging hybrid electric vehicles (HEVs) with nine seats or fewer, as outlined in a draft law by the Ministry of Finance, appears to be a significant shift in tax policy, according to experts.
During the five-month span, VAMA members sold a total of 108,309 autos, with the sales of domestically produced units falling 14 per cent and imported vehicles rising 8 per cent year-on-year.
With an area of nearly 200 hectares, the industrial park has currently attracted 12 investment projects, including 10 Taiwanese enterprises with registered capital of about $150 million.
The potential for developing the electric motorbike market in Vietnam is significant. As the government encourages the adoption of electric vehicles and consumers become more conscious of environmental issues, there is a growing demand for electric motorbikes.
According to the Vietnam Automobile Manufacturers’ Association (VAMA), its members sold a total of 27,289 units in March, up 135 per cent against February.
To deeply participate in the global supply chain, Vietnamese businesses are forced to improve their competitiveness, promote large-scale production and focus more on products with high technology content.
In the third quarter 2023, VAMM members including Honda, Piaggio, Suzuki, SYM and Yamaha Motor Vietnam reported selling a total of 610,635 motorcycles of all types, a 3.69 per cent increase compared to the previous quarter.
The Vietnam Automobile Manufacturers’ Association (VAMA) said its members sold 25,369 units in October, approximating the previous month’s sales (25,375 units) but falling 31 per cent from the same period last year.
The automobile sales in Việt Nam faced difficulties in August, despite a slight grow in July following the reduction of registration fee by half, according a report of Vietnam Automobile Manufacturers Association (VAMA).