After a poor 2010, Vietnam Automobile Manufacturers’ Association members are deeply anxious about the growing presence of complete-built cars imported into Vietnam.
The country's car import in January reached 6,000 units worth $107 million, growing 76.5 percent in output and 95.3 percent in value against the same period of 2009, the state-run newspaper Tuoi Tre reported, citing data of Vietnam's general Statistical Office (GSO).
Transportation authorities in HCM City plan to reduce the number of large buses and introduce smaller ones so that they can navigate crowded streets more easily.
The Ministry of Finance has set license plate registration fees for cars ten-fold increase from the current VND2 in a bid to reduce traffic jam in Ho Chi Minh City and Hanoi, the country’s two largest cities.
Car sales this month have already tripled those in November last year, with customers looking to avoid a new registration fee that becomes effective later this year.
The work of around 1,000 Vietnamese engineers at Nissan Techno Vietnam Co (NTV), the Hanoi-based subsidiary of the Japanese carmaker Nissan, bore sweet fruits to the company, US$23 million in earnings in 2009.
Viet Nam imported over 6,000 cars this January reaping in US$107 million, a near two-fold year-on-year increase, according to the National Statistics Office.
Viet Nam imported over 6,000 automobiles in January of this year, nearly twice as many as the same month last year, according to the National Statistics Office. Despite the year-on-year increase, the figure still fell short of the previous month by 1,000 units.
The Customs General Department will readjust the minimum prices of imported cars, including brand new and second-hand ones, as the bases of assessment, starting from January 29th.