In June Prime Minister Nguyen Xuan Phuc issued a decree cutting registration fees for domestically manufactured cars and other vehicles by half for the rest of the year.

The outbreak of the coronavirus has had negative effects on global supply chains in the world’s automobile industry.

The Ministry of Finance has officially asked the Government to cut 50 percent of the registration fee for customers who buy locally-produced and assembled automobiles.

Car prices in Vietnam are predicted to continue falling with many discount programmes due to large inventory and slow sales.

Car dealers at many firms in Vietnam are complaining about slow sales as it approaches the end of 2019.

VietNamNet Bridge - On January 1, 2018, the luxury tax on some car models with small cylinder capacity was reduced and the import tariff on ASEAN sourced cars was cut to zero percent.

 Local automakers have it all to do as tariffs on imported CBU vehicles from ASEAN are cut.

 Volvo Cars of Sweden will open two Volvo 4S centres in Ho Chi Minh City in the third quarter of this year, the group announced on March 22.

 VietNamNet Bridge – Five wholly owned Vietnamese automobile companies have united in an “alliance”, joining forces to improve the local automobile industry to meet the challenges of the ASEAN Free Trade Agreement period.

 VietNamNet Bridge – Viet Nam's auto market stood out in the global car market as the report for November indicated sales growth through 20 consecutive months while its competitors posted slow progress rates.

 VietNamNet Bridge – Vietnamese policy makers and automobile manufacturers these days incur the heavy criticism from the public which is disbelief about the news that Cambodia has successfully made electric cars.

 VietNamNet Bridge – The Government in 2013 has come up with a host of solutions to help prop up the struggling auto market but car markers only believe in a slight rise in sales volume, saying the market will still be in troubles this year.