The Ministry of Industry and Trade (MOIT) is drawing up a plan under which Vietnam will continue protecting domestic automobile production until 2018 by imposing high tariffs on cars and car parts which can be made domestically.
Vietnam’s struggling automobile industry has received little investment from foreign enterprises and component sourcing remains low, recently released statistics from the Ministry of Finance reveal.
HCM City People’s Committee has passed the proposal of Saigon Passenger Transport One-member Co Ltd to purchase 21 new CNG-fuelled buses (compressed natural gas).
The sixth Automobile Industry International Exhibition (Sai Gon AutoTech 2010) opened on Wednesday at the Tan Binh Exhibition and Conference Centre in HCM City.
The import car market is in the doldrums, though sales of cars assembled in Vietnam remain strong. The imports’ poor sales are apparently a consequence of struggling financial markets and reports of massive recalls.
Despite sluggish sales in the domestic market, automobile imports in May still reached around 4,500 units, up roughly 1,000 units over April, according to the General Statistics Office (GSO).
Contrary to all predictions, the number of cars imported to Vietnam has increased, even though slow sales have been reported by many auto showrooms in Hanoi.
Suzuki Vietnam Corp has launched a new light van, the Super Carry Pro, in Vietnam , targeting customers including shop owners and traders of consumer goods.
Tax agencies would have the authority to intervene in cases where it suspects car dealers of tax evasion, according to a new circular issued by the Ministry of Finance (MoF).
Vietnam’s spending on car imports during the first five months of 2010 has reduced by 2.6 percent year-on-year to $301 million with total 17,600 units, reported general Statistic Office.