Vietnam is striving to successfully build up its automobile industry. 

Vietnam imported up to 140,000 cars in 2019 worth a total USD3.16 billion, up 84% on-year, with the majority from Indonesia and Thailand.

South East Asia will continue to be the bright spot of the Asia's vehicle sales market in 2020, led by Vietnam, according to Fitch Solutions research.

Hyundai Glovis, a logistics subsidiary of Hyundai Kia Automotive Group from the Republic of Korea, is expanding its overseas presence by opening its first Southeast Asian office in Vietnam.

VietNamNet Bridge - Eight private and state owned automobile and mechanical firms have decided to combine to protect domestic production before the tariff reduction commitments that go into effect in 2015.

After inspecting textile and garment enterprises, taxation bodies will cast their eyes on automobile manufacturing enterprises and put international auditing firms under probe, according to the General Director of the General Department of Taxation.

 VietNamNet Bridge – At least two leading automobile manufacturers in the world have decided to cancel their development projects in Vietnam because of the weak supporting industries in the country.

 VietNamNet Bridge – The members of the Vietnam Automobile Manufacturers’ Association now tend to import cars from AFTA countries for domestic sale instead of assembling cars themselves.

 VietNamNet Bridge – From 2018, the import tariffs on the car imports from the AFTA zone under the mode of complete built unit (CBU) will be lowered to zero percent. This will make imports cheaper than domestically assembled cars.

 VietNamNet Bridge – The cars to be imported from ASEAN countries under the mode of complete built units (CBU) would reduce to 50 percent from 2014.

 State sets new lending rates for VND loans; MoF may increase export tax on woodchips; Investors snap up Government bonds; VN's richest men increase asset value; Fishery firm ups profit by 31 times