vietnams 36 mil motorbikes by 2020

Vietnam’s 36 mil. motorbikes by 2020

There will be 36 million motorbikes and 3.5 million automobiles in circulation nationwide by 2020, according to a plan for road traffic development passed by the Prime Minister on Monday.
cbank mulls levying special consumption tax on gold

Cbank mulls levying special consumption tax on gold

Gold is likely to be subject to the same special consumption tax as automobiles and alcohol in the near future, Deputy Governor of the State Bank of Vietnam Le Minh Hung said at a media meeting Thursday.
luxury cars hit with higher tariffs

Luxury cars hit with higher tariffs

The General Department of Customs has imposed new tariff rates on new and secondhand luxury automobiles imported on or after October 18. Under the new tax directive, the taxes levied on new and used cars increase by $8,000 to $22,000 per unit.
automobile importers to be untied

Automobile importers to be untied

car imports in june decrease

Car imports in June decrease

car imports increase again

Car imports increase again

car importers look to beat road block

Car importers look to beat road block

Local car importers are trying to continue business in the face of Circular 20/2011/TT-BCT restricting car imports.
economic downturn slows auto sales

Economic downturn slows auto sales

public decries plan to impose fees on vehicles

Public decries plan to impose fees on vehicles

Many people are voicing their objections against the Ministry of Transport’s latest plan to collect fees on private vehicles, including automobiles and motorcycles.
auto imports plunge with tighter regulations high tax

Auto imports plunge with tighter regulations, high tax

The number of automobiles imported into Vietnam has dropped precipitously since the implementation of stricter regulations and higher taxes on auto imports, according to the General Department of Customs.
auto assembly tax issues leave car industry in a spin

Auto assembly tax issues leave car industry in a spin

Vietnam’s automobile policy has proven to be inefficient following pending questions over tax arrears for many Vietnam-based manufacturing and assembling automobile firms, whose automobile imported part breakdown levels do not conform to existing legal regulations.
auto industry likely to shy away from local bid

Auto industry likely to shy away from local bid

Experts warned it was impractical for a developing country like Vietnam to dream of locally produced automobiles while deliberating an industry master plan for 2020 and a vision for 2030.
bosch group opens 43 million facility

Bosch Group opens $43 million facility

The German global technology and service provider Bosch Group on April 14 opened a high tech production facility for push-belts used for Continuously Variable Transmission (CVT) in automobiles.
import protections put on milk and automobiles

Import protections put on milk and automobiles

The Ministry of Industry and Trade has issued a list of nearly 100 products that should not be imported, including milk and certain vehicles.
foreign exchange rates eat into car sales

Foreign exchange rates eat into car sales

Unfavourable foreign exchange rates in February have taken a toll on the sales of imported automobiles.