VIR conference promotes green solutions in automotive industry

VIR conference promotes green solutions in automotive industry

VIR hosted a conference on reducing emissions in the automotive industry themed “All Roads Lead to Net Zero” on August 29.
More car tax cuts to stimulate demand

More car tax cuts to stimulate demand

A proposal on a vehicle registration fee cut, if approved from August 1, could be a god-send for the automobile industry.
Targeted support can increase prospects for vehicle industry

Targeted support can increase prospects for vehicle industry

In many countries around the world, the automobile industry plays an important role in the national economy. It greatly contributes to the nation’s GDP and creates millions of jobs for people. At present, Vietnam needs effective and practical solutions to develop its industry further.
Quang Nam set for car industry upgrade

Quang Nam set for car industry upgrade

Quang Nam province will raise the quality of its automobile industry and mechanical manufacturing to become an important field for the development of the province, according to its official planning.
50 per cent cut in automobile registration fees to be effective from July 1

50 per cent cut in automobile registration fees to be effective from July 1

The decree aims to help enterprises in the domestic automobile manufacturing industry who are faced with high surplus inventory alongside reduced access to capital, high interest rates, changes in exchange rates, and inflation.
Regulations on auto localisation ratio to be revoked

Regulations on auto localisation ratio to be revoked

Regulations on the automobile localisation ratio will be abolished on October 10, 2022 after having been in force for almost 20 years.
Managing fresh automobile clusters for post-virus boost

Managing fresh automobile clusters for post-virus boost

The outbreak of the coronavirus has had negative effects on global supply chains in the world’s automobile industry.
Supporting industries leading automakers towards success

Supporting industries leading automakers towards success

Vietnam is striving to successfully build up its automobile industry.
Local automobile manufacturers ask for more support

Local automobile manufacturers ask for more support

Viet Nam's automobile industry is small compared to regional markets and local suppliers are asking for more support from the Government.
Ministry plans to eliminate import duties on auto parts

Ministry plans to eliminate import duties on auto parts

The Ministry of Finance plans to eliminate import taxes on auto materials and parts in order to support the development of the country’s automobile industry.
Automobile industry develops but local part supply still low

Automobile industry develops but local part supply still low

The automobile industry of Vietnam has witnessed progress in the last two years, but the localisation rate (local part supply) still remains low, not meeting the set target, according to a Ministry of Industry and Trade (MoIT) report sent to the National Assembly for discussion and direction.
Government to better policies to boost automobile industry

Government to better policies to boost automobile industry

The Government will provide policy support for automakers, but not at the cost of breaking its international integration commitments, Prime Minister Nguyen Xuan Phuc has said.
Volkswagen AG and Ford Motor Company launch global alliance

Volkswagen AG and Ford Motor Company launch global alliance

Alliance leverages the two global automakers’ strengths to better compete, innovate and serve customers.
Strengthening local automobile production and localisation rate

Strengthening local automobile production and localisation rate

Toru Kinoshita, chairman of the VAMA, talks about increasing the localisation rate of domestic automobile production.
Foreign automakers switch to trading as Vietnamese scale up production

Foreign automakers switch to trading as Vietnamese scale up production

While foreign-invested manufacturers have shifted to importing cars for domestic sale, Vietnamese enterprises have increased investments and expanded production, vowing to develop a domestic automobile industry.
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