Used-car traders are suffering tough times due to overwhelming supply. "The market seems to be frozen with thousands of sellers and no buyers," said NguyenVan Long, director of the Bao Long Auto in the capital.
Low-quality gasoline has been cited as the main reason that caused numerous motorbikes to suddenly catch on fire in the last few years, according to a news report.
The Ho Chi Minh City Customs Office has just sent its proposal to the Vietnam General Department of Customs to ask the Finance Ministry to impose import taxes on vehicles of overseas Vietnamese.
Import duties imposed on several kinds of automobiles will increase on May 7, in accordance with the Finance Ministry's Circular No.63/2012/TT-BTC.
The highest tax rate will be levied on ambulances, four-wheel-drive vehicles and
Taxis in the capital city will only be allowed to operate in certain areas by 2015 as part of measures to tighten management over this means of transport following a master plan proposed by the municipal Transport Department.
General Motors (GM) Vietnam has announced its industry-first free maintenance program, Chevrolet Special Care, in a bid to help Chevrolet owners offset rising vehicle registration fees and other ownership costs.