Car sales in the final months of the year have not seemed to pick up despite companies’ efforts to lower prices and increase promotions to boost market demand.
Registration fees for pickup trucks and vans will be raised to 6 per cent of the vehicles value from the current rate of 2 per cent from April 10, according to a revised Government decree.
Auto businesses are concerned about Viet Nam’s future policy orientation with regard to the auto industry, which they think will affect their business strategy.
Vingroup officially appointed James B. Deluca, the former executive vice president of General Motors’ (GM) global manufacturing operations, as CEO of VinFast on Monday.
A big development gap between APEC member economies is hindering the region’s auto industry from transferring technology and promoting linkages, said an official of the MoIT.
More than 100 auto importers will have to pay a total of VND888 billion (US$39.74 million) due from the previous years, according to a report from the Customs Department in HCM City.
Around 28,280 cars were sold in the country in October, an increase of 26 per cent compared to the same period last year, the Vietnam Automobile Manufacturers’ Association (VAMA) said.
Vietnam Automobile Manufacturers'' Association (VAMA) held a seminar on
trends related to environmentally-friendly technology application in the
automobile industry in Ha Noi on October 6.
The Ministry of Transport (MoT) has distributed a draft circular on
examining technology, safety, quality, and environmental protection of
import road vehicles to get suggestions from relevant ministries and
agencies.
The Vietnam Association of Mechanical Industry (VAMI) has sent a
document to the finance ministry, reporting that several auto importers
have evaded tax by declaring incorrect imported car prices.
Some 8,000 complete built up units worth US$182 million were imported to
Viet Nam in April, declining 20 per cent compared with the same period
last year.