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automobile industry

Amended draft law on SCT may hinder development of local automobile industry: VCCI

Amended draft law on SCT may hinder development of local automobile industry: VCCI

The Vietnam Federation of Commerce and Industry (VCCI) has raised several concerns about the amended Draft Law on Special Consumption Tax (SCT).
VNs automobile industry still faces challenges in implementing FTAs

VN’s automobile industry still faces challenges in implementing FTAs

Việt Nam has made efforts to build a strong domestic automobile industry with a view to becoming an exporter. However, the young industry faces many challenges, especially in implementing FTAs.
Automobile industry reported strong sales in Q1

Automobile industry reported strong sales in Q1

Last month, 25,700 vehicles were produced and assembled in Việt Nam, an increase of 4 per cent compared to the previous month (24,800 vehicles), marking a comeback from a sharp decline in sales experienced in the months before Tết.
VN outlines strategy to boost domestic automobile industry

VN outlines strategy to boost domestic automobile industry

The strategy should also aim to increase the market share of domestically produced automobile products gradually, with the intent to replace imported products.
Regulations on auto localisation ratio to be revoked

Regulations on auto localisation ratio to be revoked

The regulations on the automobile localisation ratio will be abolished on October 10, 2022 after they have been in force for almost 20 years.
New policies being considered for electric cars

New policies being considered for electric cars

Deputy Prime Le Van Thanh has asked the Ministry of Industry and Trade to study policies to promote the development of the domestic automobile industry, in line with the growing global trend towards electric cars.
Tax rescheduling proposed to support local automobile industry

Tax rescheduling proposed to support local automobile industry

The Ministry of Finance (MoF) has proposed rescheduling excise tax payments for local automobile manufactures and assemblers. 
Govt support aids automobile industry

Gov’t support aids automobile industry

VDSC pointed out that the domestic automobile industry was benefiting from three policies.
Luxurious car brands forecasted to increase market share

Luxurious car brands forecasted to increase market share

The luxurious car market is expected to develop strongly this year, despite the automobile industry facing challenges due to the COVID-19 pandemic, causing automakers to suspend or reduce production.
THACO sets up major auto parts industrial park

THACO sets up major auto parts industrial park

Developing supporting industries to increase the use of locally produced parts is an urgent requirement if Viet Nam''s automobile industry is to be developed, and this will also help grow other industries.
THACO sets up major auto parts industrial park

THACO sets up major auto parts industrial park

Developing supporting industries to increase the use of locally produced parts is an urgent requirement if Viet Nam''s automobile industry is to be developed, and this will also help grow other industries.
Local automobile manufacturers ask for more support

Local automobile manufacturers ask for more support

Local automobile manufacturers discussed low market capacity and a lack of support policies at a seminar in Ha Noi on Thursday.
Automobile industry needs special policies to raise competition

Automobile industry needs special policies to raise competition

Viet Nam needs to issue special policies for the automobile industry to catch up with other countries in the ASEAN region, said experts at a conference held in Ha Noi on Tuesday.
Import duties to be eliminated for auto parts: MoF

Import duties to be eliminated for auto parts: MoF

The Ministry of Finance plans to eliminate the import tax for auto materials and parts in order to support the development of the country’s automobile industry.
Automobile industry develops but local part supply still low

Automobile industry develops but local part supply still low

The Vietnamese automobile industry has made progress in the last two years, but the localisation rate still remains low, not meeting the set target.