vinfast secures exemption from import tax on parts for exported cars

VinFast secures exemption from import tax on parts for exported cars

VinFast, Vietnam’s first electric car manufacturer, has been approved for exemption from import tax on parts to manufacture and assemble automobiles to export for testing, following a the proposal of the Ministry of Finance.
honda vietnam suspends production due to covid 19

Honda Vietnam suspends production due to COVID-19

Honda Vietnam (HVN) has become the fourth automaker in Vietnam to suspend production and assembly of cars and motorbikes over the concerns of the COVID-19 pandemic.
us trade secretary says hope is to avoid new auto tariffs

US trade secretary says 'hope' is to avoid new auto tariffs

After some "very good conversations" with automakers in the European Union, Japan and elsewhere, the United States may not need to impose new tariffs on imported automobiles, Commerce Secretary Wilbur Ross said Sunday.
vinfast automobiles to be sold in russia

VinFast automobiles to be sold in Russia

In addition to other Vingroup subsidiaries entering overseas markets, VinFast is planning to launch in Russia.
mid term vbf takes place today

Mid-term VBF takes place today

Mid-term Vietnam Business Forum (VBF) 2018 discussed and offered solutions to enhance linkages of domestic and foreign-invested businesses on many fields of investment, trade, taxation, automobiles, and agriculture in the context of Industry 4.0.
pha receives licence for car parts manufacturing plant in deep c ii iz

PHA receives licence for car parts manufacturing plant in Deep C II IZ

On June 21, Pyeong Hwa Automotive Co., Ltd. (PHA) was granted the investment certificate for its automotive parts manufacturing plant located in Deep C II Industrial Zone (IZ) at the northern port city of Haiphong’s Dinh Vu-Cat Hai Economic Zone.
domestically assembled cars overwhelm imported vehicles

Domestically-assembled cars overwhelm imported vehicles

A total of 23,065 automobiles were sold in the domestic market in May, up 9 percent against the previous month, reported the Vietnam Automobile Manufacturers’ Association (VAMA).
advanced technology at chinaplas 2018 accelerates automotive industry

Advanced technology at Chinaplas 2018 accelerates automotive industry

The world is shifting into high gear on sustainability. China, one of the major manufacturing countries of cars, has put emphasis on the development of energy-saving and new energy automobiles in its "Made in China 2025" strategy.
asean automobiles start flowing in vietnam

ASEAN automobiles start flowing in Vietnam

Automobiles imported from ASEAN countries expect to conquer Vietnam from early April.
auto import surges suddenly early march

Auto import surges suddenly early March

The import of automobiles surged suddenly early this month, according to the General Department of Customs (GDC).
decree 116 and a mounting investment in automobile manufacturing

Decree 116 and a mounting investment in automobile manufacturing

As Decree No.116/2017/ND-CP  has tightened quality checks, it is very hard to import automobiles to Vietnam, but a huge investment wave is forming to hit the automotive industry.
rigid taxes hurt hybrids mass appeal

Rigid taxes hurt hybrids’ mass appeal

Environmentally-friendly automobiles have proven a sustainable trend in global manufacturing and use. In Vietnam, inflexible tax regulations make hybrid units - one of the world’s most popular green vehicle types - yield to conventional fossil-fuel-powered vehicles. Economic expert Ngo Tri Long, former head of the Ministry of Finance’s Price and Market Research Institute, offers insight into the situation.
vietnam and russian collaboration in automobile manufacturing

Vietnam and Russian collaboration in automobile manufacturing

Russian automobile manufacturers (KAMAZ, GAZ, and UAZ, among others) will collaborate with Vietnamese partners to establish joint ventures to manufacture and assemble automobiles and trucks of 10 seats or more, terrain vehicles, and some specialised vehicles in Vietnam.
vingroup shakes hands with bosch vietnam

Vingroup shakes hands with Bosch Vietnam

Vingroup and Bosch Vietnam will enter comprehensive co-operation in manufacturing motorcycles and automobiles of the Vinfast brand.
thaco becoming new bmw and mini distributor in vietnam

THACO becoming new BMW and MINI distributor in Vietnam

After Euro Auto Corporation’s violations of Vietnamese regulations, BMW Group Asia has issued a decision to choose Vietnamese automaker Truong Hai Automobile JSC (THACO) as an investor and importer of BMW and MINI automobiles in Vietnam from January 1, 2018, according to newswire TheLeader.