car prices blamed for sluggish automobile industry growth

Car prices blamed for sluggish automobile industry growth

Automobiles which are priced higher in Viet Nam than in regional countries is the reason for the sluggish development of the automobile industry, experts say.
in vietnam car buyers dreams may be shattered by new taxation policy

In Vietnam, car buyers’ dreams may be shattered by new taxation policy

Vietnamese potential car buyers who are saving up for their first cars following a possible price cut for automobiles imported from ASEAN countries may wake up one morning only to find that their dreams are crushed when a proposal for a new special consumption tax mechanism takes effect.
imports of automobiles rise sharply year to date

Imports of automobiles rise sharply year to date

About 45,000 completely-built-up (CBU) automobiles, worth US$1.2 billion, were imported into Viet Nam in the first five months of the year, the industry and trade ministry said.
norfolk golfing success

Norfolk golfing success

The 16th Norfolk Invitational Golf Tournament teed off at Vietnam Golf & Country Club’s West Course in District 9, Ho Chi Minh City on April 11, 2015 attracting 123  players. This year, golfers missed the chance to win four AUDI automobiles.
no revision in special consumption tax on automobiles

No revision in special consumption tax on automobiles

The Government will not modify the special consumption tax rate imposed on cars as proposed by the Ministry of Industry and Trade, the Director of the Heavy Industry Department said.
automobile imports near record high

Automobile imports near record high

The total import turnover of Completely Built-Up (CBU) automobiles in Viet Nam this year reached US$1.446 billion, which nearly matched the record level of $1.5 billion.
cbu car imports surge 30pc

CBU car imports surge 30pc

Vietnam imported 9,860 CBU (Completely Built Unit) automobiles worth more than US$200 million in November, rising by 30.2% compared to the previous month, according to the General Department of Vietnam Customs.
asean cars reign in vietnam market even before tax cut

ASEAN cars reign in Vietnam market even before tax cut

Automobiles imported from ASEAN countries do not need to wait until 2018, when import duties are set to be zeroed, to dominate the Vietnamese market.
car import tax to drop to zero by 2018

Car import tax to drop to zero by 2018

Vietnam will apply a zero tariff policy to all automobiles imported from ASEAN countries by 2018, making it easier for consumers to buy cars.
kingtec invests us 30 million in binh duong

Kingtec invests US$30 million in Binh Duong

Taiwan’s Kingtec, a group that specializes in lighting equipment, interior decorations, electric generators for automobiles and electronic devices, has chosen a site in the southern province of Binh Duong for a new manufacturing facility.
auto sales stay strong in may

Auto sales stay strong in May

Sales of members of the Vietnam Automobile Manufacturers’ Association (VAMA) continued rising high last month with nearly 10,000 automobiles sold.
toyota motor vietnam says to recall 43000 cars in vietnam

Toyota Motor Vietnam says to recall 43,000 cars in Vietnam

Toyota Motor Vietnam (TMV) will be recalling 43,037 Innova, Fortuner and Hilux automobiles, both locally assembled and imported, to check and replace the spiral cable system free of charge from May 15.
fiat chrysler aims for oct 1 nyse listing marchionne

Fiat Chrysler aims for Oct 1 NYSE listing: Marchionne

Fiat Chrysler Automobiles aims to list its shares on the New York Stock Exchange on October 1, chief executive officer Sergio Marchionne said.
mof considering penalising loophole auto importers

MoF considering penalising loophole auto importers

The Ministry of Finance is proposing the government collect back taxes from overseas Vietnamese (Viet Kieu) repatriates who imported automobiles and other vehicles into Vietnam for personal use but later sold them when they were obligated to register.
finance ministry mulls car repo plan

Finance ministry mulls car repo plan

The Ministry of Finance (MoF) is considering confiscating automobiles with expired diplomatic plates that have not paid the ownership transfer tax.