02:40 | 12/08/2021
Auto sales in July fell by 33 percent year-on-year to 16,035 units, the lowest in the last five months, dragged down by mobility restrictions in major cities.
02:40 | 12/08/2021
The move is aimed at promoting the use of more environmentally-friendly car models in Vietnam.
02:40 | 12/08/2021
Limited market capacity and price differences between domestically produced cars and imported cars are the two biggest bottlenecks for the local auto industry, according to the latest report from the Ministry of Industry and Trade (MoIT).
02:40 | 12/08/2021
Three auto brands have begun to sell online as they seek to take advantage of the country’s e-commerce boom.
02:40 | 12/08/2021
Extending tax incentives for domestic manufacturers is vital to help locally-produced cars compete with those imported from abroad.
02:40 | 12/08/2021
Amid a rise in car consumption, a wide range of giant automakers have had to cut production or close facilities due to the global semiconductor shortage that is affecting price and delivery times.
02:40 | 12/08/2021
The competition in the Vietnamese automobile market is increasingly fierce, being fuelled by various bilateral and multilateral trade agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the Regional Comprehensive Economic Partnership, and the EU-Vietnam Free Trade Agreement. At the regional level, Vietnam has removed import tariffs on cars from ASEAN countries since 2018 as part of their ASEAN Free Trade Agreement commitments.
02:40 | 12/08/2021
Vietnam imported 6,633 completely built-up (CBU) cars from China in the first four months, a 480 percent surge over the same period last year.
02:40 | 12/08/2021
Vietnam's auto sales in the first four months surged 58 percent year-on-year to 101,309 units, signaling a recovery from last year's pandemic impacts.
02:40 | 12/08/2021
The Ministry of Finance has rejected a proposal to reduce auto registration fees by half, saying it is not necessary in the current setting.