Vietnam’s automobile policy has proven to be inefficient following pending questions over tax arrears for many Vietnam-based manufacturing and assembling automobile firms, whose automobile imported part breakdown levels do not conform to existing legal regulations.
The Ministry of Transport is seeking government approval to charge car owners four different types of fees including two new ones: fee to use roads and surcharge fee on fuel.
Mercedes-Benz Vietnam has said it has special offers for all buyers from now until September 30 in celebration of the birth of the first motor car in the world.
HP Motorcycle Co from Italy has just signed a memorandum of understanding (MoU) on the establishment of a motorcycles assembly and manufacturing joint venture in Vietnam.
The domestic motorbike market is heating up, with many companies announcing plans to expand their production while others are entering the market for the first time.
The number of imported cars dropped nearly 46% in July compared to the previous month, at 3,958 vehicles with a total value of US$72 million, according to data from the General Department of Customs.
The Customs Department in Vietnam has begun to implement new tax rates on second-hand cars imported into Vietnam on all the country’s border crossings since August 15, as per the Prime Minister’s directives.