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Update news VAMA
VietNamNet Bridge - The tariff on CBU (complete built unit) car imports from ASEAN will be cut 30 percent in January, but consumers are concerned that selling prices will remain the same.
VietNamNet Bridge - Vietnam has spent four years to prepare for the application of Euro 4 emission standards, but many problems still exist.
VietNamNet Bridge - The demand for high-cylinder capacity motorcycles has risen with the rapid growth of the middle class.
VietNamNet Bridge - Not only trading companies but authorized car distributors as well have been found playing tricks to evade tax.
VietNamNet Bridge - Automobile joint ventures between Russia, Belarus and Vietnam are expected to be set up soon.
VietNamNet Bridge - The Vietnamese automobile market is much smaller than Thailand, the Philippines and Malaysia, but it is now one of the most attractive markets in the region.
VietNamNet Bridge - Indian car manufacturers may find it hard to enter the Vietnamese market because of a new decree.
VietNamNet Bridge - Honda Vietnam has denied that 2,000-3,000 workers at its factory in Vinh Phuc province have been laid off.
VietNamNet Bridge - The Ministry of Transport (MOT) is compiling a legal document which will replace the controversial Circular 20, which bars small automobile importers from entering the market.
VietNamNet Bridge - Vietnamese enterprises are complaining that they cannot compete with cheap Chinese car imports that evade taxes.
Most of the criteria Vietnam has set to become an industrialized country by 2020 appears to be unattainable.
Nearly 70% of Vietnamese who joined a recent survey of carmaker Ford said fuel efficiency is more important than capacity when they decide to buy cars.
VietNamNet Bridge - If new suggestions by state management agencies receive approval, the automobile market is expected to benefit bigger dealers.
VietNamNet Bridge - Car importers are anxiously awaiting a new rule from the MInistry of Transport.
VietNamNet Bridge - Vietnamese are turning their back on Chinese cars for several reasons, including low quality, design copies and vulnerability.
VietNamNet Bridge - Though the Vietnamese motorbike market is becoming saturated, manufacturers still make big profits with 3 million products bought every year.
Many well-known high-cylinder capacity motorbike brands have arrived in Vietnam. The super-motorbikes, with high technology, strong engine and sky-high selling prices of between hundreds of millions of dong and billions of dong, have been marketed.
Vietnam, a large market with high population and a developing economy, which is part of the vast 600 million people AEC (ASEAN Economic Community) market, is a ‘promising land’ for Russian automobile manufacturers.
VietNamNet Bridge - National Assembly deputies, when consulted by the Finance & Budget Committee about the luxury tax law amendment, have proposed to lower the tax on cars.
Hanoians’ dream of owning cheaper cars after the tax cuts under the ASEAN Free Trade Agreement (FTA) may be dashed as local authorities are considering applying a quota scheme in an effort to restrict the number of cars in circulation.