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vietnam car market
Update news vietnam car market
Anxious carmakers hoping losses remain in rear mirror
Despite efforts in converting part of their facilities to produce ventilators and face masks for fighting the coronavirus pandemic, global carmakers are still reporting losses
Price wars imminent as initial fees reduce
As car sales continue to reduce, local importers have asked authorised agencies to apply a 50% reduction in registration fees for imported cars in order to remove discriminatory tax reduction currently used for only locally-assembled vehicles.
Industry Ministry to propose credit package to help car companies drive forward
The Ministry of Industry and Trade will propose to build a credit package of VND100 trillion (US$4.4 billion) for developing the support industry for industrial sectors, especially automobile production.
