The Vietnamese auto industry has demonstrated significant progress in integrating into the global supply chain, reflecting its potential to contribute to economic growth, according to domestic car experts.
The domestic automobile industry is undergoing a significant transformation as it increasingly integrates into global markets and attracts foreign investment, according to automobile experts.
Việt Nam automobile industry is facing a significant downturn in sales and high inventory levels, in spite of government efforts to provide support through tax and fee reductions
The introduction of a multitude of new car models coupled with significant discounts has intensified the challenges faced by the already struggling second-hand car market.
A recent study by Toyota Motor Vietnam (TMV) showed that more than 75 per cent of Vietnamese enterprises frequently encountered problems in production methods, standardisation of operations, and product quality control.
The Ministry of Industry and Trade supporting the reduction of automobile registration fees is considered a positive effect to the auto industry in the context of the automobile market facing many difficulties.
Viet Nam’s auto industry breaks a sales record last year with a highest revenue and profit. This year, it is expected to slow down due to many negative issues, car experts predict.
Domestic automobile manufacturers have urged the Ministry of Finance to revise criteria for production capacity so as to enjoy preferential a tax incentive policy for imported automobile parts.
Limited market capacity and price differences between domestically produced cars and imported cars are the two biggest bottlenecks for the local auto industry.
More than half a billion dollars in tax returns have been awarded to firms since 2017 in a bid by the Government to boost the country''s auto industry and supporting industry.
Foreign traders not present in Viet Nam will have the right to export or import under Vietnamese law and international treaties that the country has signed. This is one of several positive changes expected in the business environment as a...
Most of the domestic auto industry went into a tizzy when Decree 116 tightening controls over the import and assembly of cars was issued in October, and days away from its official implementation, the worries and divisions remain.