Prime Minister Phạm Minh Chính has just signed off on key tasks and solutions to promote growth, control inflation and stabilise the macroeconomy in July and the third quarter of this year.
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.
The Ministry of Finance (MoF) has proposed slashing registration fees for locally built cars by 50 per cent until May 2022, to increase sales and encourage recovery in the automobile industry.
Several automakers are considering assembling their best-selling models in Việt Nam due to the Government’s policy of zero import tariffs on components and a 50 per cent reduction in registration fees.