Car importers complain that they made mistakes in their business plans because they did not predict that the Ministry of Finance (MOF) would slash the sharply import tariffs even more than previously planned.
The car market, which had been gloomy for many months, has suddenly heated up as people are rushing to buy cars to avoid higher ownership registration tax.
Vietnam Airlines will welcome the 12 millionth passenger at Noi Bai Airport in Hanoi next week, thus fulfilling its annual target for this year days earlier, said the southern regional office of the national flag carrier.
Vietnam’s auto trading companies imported 5,499 fully built cars worth of US$92.7 million in November, a rise of 16.4% from October, according to the General Department of Customs.
The registration fee for passenger vehicles with fewer than nine seats will be increased in Ha Noi and HCM City early next year from 15 per cent to 20 per cent of the vehicle’s purchase price, under an expected decision from the Ministry of Finance.
The information that Vietnam may have a Formula One (F1) Car Racing Course has excited many people. However, Thoi bao Kinh te Vietnam warned that it is still too early to dream of such a racing course in Vietnam, and that the project remains an…idea.
Vietnamese consumers will continue to be punished by the soaring prices of Honda motorbikes, due to lax market management regulations. Over the past two months, Honda Vietnam Company’s (HVN) automatic gear motorbike prices have rocketed up uncontrollably.