EuroCham has proposed that imported cars are also given the same 50 percent reduction in registration fees as locally produced cars. In its White Book 2020, the national chapter of the European Chamber of Commerce, EuroCham Vietnam notes that of 19 imported European auto brands in Vietnam, only Mercedes and Peugeot...
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Locally made cars would have their first-time registration fee cut by half until year's end, starting Sunday, according to a new decree. The decree, signed by Prime Minister Nguyen Xuan Phuc on Sunday, which determines the registration fee for cars produced in Vietnam, would be in effect until December 31. First-time registration...
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By Steve Jackson June 23, 2020 | 07:19 am GMT+7 A British Covid-19 patient was discharged the National Hospital of Tropical Diseases in Hanoi, next to his wife who also contracted the coronavirus and got discharged 11 days before, April 13, 2020. Photo courtesy of the hospital. "Once Covid-19 took hold of Vietnam,...
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Tenma Vietnam headquarters in Bac Ninh Province as seen on May 26, 2020. Photo by VnExpress/Ba Do. Bac Ninh police say they have not found evidence that Japanese company Tenma bribed Vietnamese officials JPY25 million ($215,000) to reduce its tax liability. Director of the province's Police Department, Pham The Tung, stated this on Wednesday...
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Cars produced at a factory in Hai Phong City, northern Vietnam. Photo by VnExpress/Minh Tuan. Auto components that are not manufactured domestically will be exempt from import tax from July 10. The government has made the change through a decree it issued recently to amend import and export tariffs. To qualify for the...
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Chairs are piled up in a restaurant in District 1, Ho Chi Minh City that was closed on March 14, 2020 following authorities' orders to contain the novel coronavirus. Photo by VnExpress/Quynh Tran. The Vietnamese government plans to cut corporate income tax for small businesses by 30 percent this year to...
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Cars stranded on Nguyen Trai Street in Hanoi. Photo by VnExpress/Phuong Son. Car sales surged 62 percent in May after slumping in the first four months this year as the Covid-19 pandemic crushed demand. A total of 19,081 units were sold in May, compared to 11,761 units in April, according to the...
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Two VinFast models debuted in the list of top 10 bestseller autos last month, signaling intensified competition in the domestic market.
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An imported Mercedes SUV seen in Ho Chi Minh City. Photo by VnExpress/Thanh Nhan. Import tariffs on European cars could fall by up to 15.6 percentage points in 2022 under the ratified E.U.-Vietnam trade pact. Sedans with 2,500 c.c. engines or less will have tariffs cut from the current 70.9 percent to...
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