$113 million auto assembly and manufacturing complex licensed

$113 million auto assembly and manufacturing complex licensed

Thua Thien-Hue gave the in-principle approval to Bach Viet Automobile Manufacturing Industry JSC to develop an automobile assembly and manufacturing complex.
Pedal to the metal in auto production

Pedal to the metal in auto production

Foreign car and motorcycle parts manufacturers are aware that the rapidly-expanding Vietnamese market may be their next cash cow and are intensifying presence accordingly.
BMW auto importer  is hit by $4 mln tax claim

BMW auto importer is hit by $4 mln tax claim

Euro Auto, BMW’s official importer in Vietnam, is facing a claim from authorities for paying back taxes of up to nearly $4 million.
Auto sector set to turn the corner

Auto sector set to turn the corner

The auto industry is pressing down the accelerator to speed up sales for the remainder of the year.
More freewheeling car import rules on the table

More freewheeling car import rules on the table

Loosened car import regulations are on the table to help auto firms.
Toyota inaugurates its third plant in Brazil

Toyota inaugurates its third plant in Brazil

Japanese auto giant Toyota inaugurated a $600 million plant in the southeast Brazilian state of Sao Paulo on Thursday, its third in the country, with an initial aim of producing 70,000 cars a year.
Auto sector hits the brakes

Auto sector hits the brakes

In respect to Vietnam’s auto industry future perspective, industry players assumed at most three stronger brands could survive tough business conditions.”
Auto market still in a spin

Auto market still in a spin

The local auto market is being driven into a corner.
Taxing issue leaves customs in a spin

Taxing issue leaves customs in a spin

Tax arrears collection work between customs bodies and auto firms has hit a road block.
Car fee hikes could slam brakes on auto industry growth

Car fee hikes could slam brakes on auto industry growth

The recent hikes in car registration and license-plate fees have worsened things for the automobile market, which was already struggling due to the economic downturn.
Zone’s manufacturing engine is revving

Zone’s manufacturing engine is revving

Central Quang Nam province’s Chu Lai Open Economic Zone is emerging  as a leading spot for locar car supporting industry.
Incentives to boost auto industry

Incentives to boost auto industry

Tax breaks and land lease incentives would be offered to boost the domestic auto industry with the aim of making auto production a key Vietnamese industry by 2020, according to a draft considered by the Ministry of Industry and Trade (MoIT).
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.