auto imports double in january

Auto imports double in January

Vietnam imported over 6,000 automobiles in January of this year, nearly twice as many as the same month last year, according to the National Statistics Office.
cbus now the way to go

CBUs now the way to go?

International car firms are pushing the introduction of complete built automobiles into Vietnam.
mof suspends foreign automobile procurement

MoF suspends foreign automobile procurement

The Ministry of Finance (MoF) recently asked public agencies to suspend import of foreign automobiles in an effort to ease trade deficit.
wheel turns against the auto sector

Wheel turns against the auto sector

Inconsistent and unpredictable tax policies have pushed automobile producers and dealers’ backs against the wall. Toyota, Ford and other local automobile producers have recently decided to increase prices of locally-produced automobiles while several importers have scaled back shipments of brand new and used cars.
range of tax hikes loom

Range of tax hikes loom

Several National Assembly delegates have proposed higher taxes on automobiles and cigarettes in hopes of controlling the number of cars on the street and discouraging smoking.

Foreign auto makers drive into Vietnam

The government has given the green light to Vietnam Manufacturing and Export Processing Co., Ltd (VMEP) to begin manufacturing automobiles, making it the third foreign-invested firm to receive permission to do so this year.
auto production to hit top gear

Auto production to hit top gear

Competition carmakers should heat up as investors submit licence applications to make automobiles in Vietnam.

Tax increases fuel car, beer price hikes

Tax increases effective from January 1 have resulted in a price rise for automobiles and beer that may affect sales.According to an industry source, the price of automobiles and canned beer has increased by more than 20 per cent and 10 per cent respectively as a result of amendments to special consumption tax (SCT) and value-added tax (VAT).