Increasing localisation of auto industry helps support industries grow stronger

Increasing localisation of auto industry helps support industries grow stronger

The strong growth in automobile sales and the increase of locally-assembled auto models are a lever to further promote Vietnam's auto industry, helping it gradually engage in supply chains of leading automobile manufacturers.
Vietnam posts all-time high auto imports in 2022

Vietnam posts all-time high auto imports in 2022

Vietnam posted an all-time high import of automobiles with 173,467 units valued at 3.84 billion USD last year, surpassing the previous record of about 160,000 units in 2021, reported the General Department of Vietnam Customs.
Dim outlook for domestic auto component industry

Dim outlook for domestic auto component industry

Vietnamese automotive component industry has a dim outlook for growth as it has lagged behind those in many other regional countries.
Auto companies enjoy positive earnings

Auto companies enjoy positive earnings

Auto businesses enjoyed positive annual earnings thanks to flourishing profits in the fourth quarter.
Auto market to continue growing: experts

Auto market to continue growing: experts

The domestic auto market is expected to grow further in the remaining months of this year after expanding up to 120 percent in October, experts have said.
Incentives for development of auto industry

Incentives for development of auto industry

VCN - To encourage domestic car production, the State has offered many preferential policies, notably policies on tax and registration fee reductions.
Car loans during the pandemic: Easy to borrow but difficult to repay

Car loans during the pandemic: Easy to borrow but difficult to repay

VCN- In the past few years, consumer credit has been the growth engine of many banks, including the car loan segment.
Auto imports posts double growth: HCM City Customs

Auto imports posts double growth: HCM City Customs

VCN- As of June 10, HCM City Customs Department collected VND54,806 billion, reaching 48.5% of the estimate.
Who benefits from the auto registration fee?

Who benefits from the auto registration fee?

VCN- On June 28, 2020, the Government issued Decree No. 70/2020/ND-CP regulating the registration fee for domestically manufactured and assembled automobiles until December 31, 2020.
Tax policy -  foundation for development of Vietnam

Tax policy - foundation for development of Vietnam's auto supporting industry

VCN - Decree 122/2016/ND-CP and Decree 125/2017/ND-CP stipulating the tax incentive program for automobile production and assembly, in which enterprises meeting the conditions of the program, will get the import tax rate of 0% for imported car components
Auto industry steers strategy towards wider supply chains

Auto industry steers strategy towards wider supply chains

Vietnam’s automobile industry is transforming drastically but it still lacks scenarios to join the global supply chains after the COVID-19 pandemic.
Auto market filled with gloom despite falling prices

Auto market filled with gloom despite falling prices

Hopes of a big rise in car sales in October thanks to a steep drop in prices and the rollout of new models have been dashed spreading more gloom about the sector health
Laos, Cambodia imports can threaten Vietnam auto industry

Laos, Cambodia imports can threaten Vietnam auto industry

Even weaker economies with less developed industries can threaten Vietnam's auto industry due to its low localization rate, the Trade Ministry said.
Auto industry needs more than money

Auto industry needs more than money

The Ministry of Industry and Trade is expected to submit to the Government an automobile industry development plan with solutions to supporting auto manufacturing projects in Vietnam.
Auto stocks to grow thanks to rising consumption

Auto stocks to grow thanks to rising consumption

Automobile stocks are expected to lure more investment thanks to the growth of market consumption forecast to reach over 500000 vehicles per year from 2021
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