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domestically assembled
Updated news related to domestic assembly
Tax incentives for automobile supporting industries effective until December 31, 2027
The Government issued Decree No. 21/2025/ND-CP dated February 10, 2025 amending and supplementing Article 9 of Decree No. 26/2023/ND-CP on Export Tariff Schedule, Preferential Import Tariff Schedule, List of goods and absolute tax rates, mixed tax, and import tax outside tariff quotas.
Current events
Officially reduce 50% of registration fee for domestically produced and assembled cars
The General Department of Taxation issued Official Dispatch No. 06/CD-TCT dated August 30, 2024 requesting Tax Departments nationwide to apply the registration fee rate for automobiles, trailers or semi-trailers pulled by automobiles and similar vehicles manufactured and assembled domestically according to the provisions of Decree No. 109/2024/ND-CP dated August 29, 2024 of the Government.
After the preferential registration fee ends, Vietnamese people reduce buying domestically assembled cars.
Domestically assembled car sales fell by more than half in the first month of 2024 when the preferential policy of reducing 50% of registration fees under Decree 41/2023/ND-CP no longer took effect.
Sales of domestically assembled cars unexpectedly decrease despite benefiting from 50% reduction in registration fees
The Vietnam Automobile Manufacturers Association (VAMA) said that sales of domestically assembled cars in July 2023 decreased by 12% compared to the previous month. This figure was given after Vietnam reduced registration fees by 50% from July 1.
Domestically assembled cars "free fall"; Fertilizer prices drop 40% this year
(Baonghean.vn) - Domestically assembled cars are "in free fall"; Fertilizer prices may decrease by 40% this year; Pepper prices continue to increase in the Southeast... are today's market news.
Prime Minister Nguyen Xuan Phuc directed to reduce 50% of registration fees for domestically assembled cars.
Baonghean.vn - The Prime Minister directed to reduce 50% of registration fees when registering domestically produced and assembled cars until the end of 2020 to stimulate domestic consumption.
Top 10 best-selling cars in Vietnam in March 2018
Toyota Vios continues to lead, Honda City thrives with sales of nearly 850 cars, while there is only one imported car model in the list of 10 best-selling cars in Vietnam in March 2018.
Domestically assembled cars maintain prices, customers wait for imported cars
March 26, 2018 10:00
After nearly 3 months of reducing import tax on completely built-up cars from ASEAN to 0%, the domestic car market has just recorded a company that has imported cars and announced the selling price early. Many consumers continue to wait a few more months to have the opportunity to buy cheap cars according to the tax.
Scarcity of cars for sale during Tet - "unusual"!
January 29, 2018 09:10
Don't even talk about cheap cars when import tax is 0%, even the desire of consumers to buy a car for Tet is almost impossible when dealers have no cars for sale.
Mitsubishi Outlander assembled with additional equipment, price reduced by nearly 200 million
January 24, 2018 16:40
Compared to the previous imported version, the domestically assembled Outlander model is 167 to 181 million VND cheaper, while adding some additional equipment.
Mitsubishi Outlander assembled domestically revealed price from 808 million VND
January 3, 2018 15:03
Switching to domestic assembly instead of import, the selling price of Outlander has decreased significantly. According to the official website of Mitsubishi Motors VN, this model has a starting price of 808 million VND.
At the end of the year, domestic cars are racing to reduce prices, while imported cars are still increasing in price.
December 12, 2017 11:10
While many domestically assembled car models have prices reduced by tens of millions of dong, imported car models have increased in price at the end of the year.
Domestically produced and assembled cars will decrease in price by about 20%?
October 27, 2017 07:17
Imported cars are likely to be blocked by technical barriers, while domestically produced and assembled cars receive many incentives. From 2018, domestic car prices are expected to be more affordable.
Why are domestically assembled cars competing to 'drop' in price?
September 10, 2017 13:18
The fact that car manufacturers in Vietnam have continuously "shockingly" reduced prices for domestically assembled cars in recent times is all intentional.
Domestically assembled i10 car: Smooth ride, not smooth shape
September 8, 2017 09:08
The small car operates quite stably at high speeds, moves smoothly in the inner city and has impressive fuel economy.
Domestically assembled cars could see sharp price drops thanks to new tax proposal
August 24, 2017 09:59
Automobile manufacturing and assembly enterprises that meet the committed output and domestic rate will be allowed to import components with 0% tax.
May sold 10,000 domestically assembled cars
June 11, 2014 09:58
Business of members of the Vietnam Automobile Manufacturers Association (VAMA) continued to increase last month with the number of cars sold reaching nearly 10,000 units.
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