Domestically produced and assembled cars are to have their registration fees slashed by half during the last six months of 2023, according to the Government Office.
Accumulated in the first 10 months of this year, the number of domestically manufactured and assembled cars is estimated at 362,500 vehicles, up 16.4 per cent over the same period last year.
The Ministry of Finance has proposed the Government give an extended deadline for payment of special consumption tax worth a total of VND20 trillion (US$870.5 million) on domestically produced and assembled cars.
The Ministry of Finance (MoF) has proposed the Government continue extending the deadline for excise tax payment for domestically-manufactured and assembled cars.
The 50 per cent reduction of registration fee for domestically-assembled cars is considered a push to help the auto market grow in the next six months.
Prime Minister Nguyen Xuan Phuc will cut 50 per cent of registration fee for locally-manufactured and -assembled cars from now to the end of this year.
Việt Nam imported 75,437 assembled cars in the first six months of 2019, six times more than in the same period last year, according to the General Department of ViEt Nam Customs.
The sale of domestically-assembled cars in the first quarter of this year decreased by 8 per cent year-on-year to more than 46,250 units, while sales of imported cars sharply increased by 234 per cent to nearly 32,000 units, according to...
The Ministry of Finance has asked the Government to amend its laws to eliminate the special consumption tax on locally manufactured auto parts and components, a move which could reduce prices of locally assembled cars.
Sales of cars in September reached 25,351 units in the Vietnamese market, increasing by 19 per cent compared with the same period last year, according to Vietnam Automobile Manufacturers’ Association (VAMA).
Viet Nam''s sales of domestically assembled cars rose 23 per cent year on
year in January, thanks to strong car sales before the Lunar New Year
holiday.