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automotive industry
Latest news related to the automotive industry
Proposal to extend special consumption tax on domestic cars
The Ministry of Finance said it has submitted to the Government a plan to extend special consumption tax (SCT) on domestically produced and assembled cars.
Car
'Vietnam has the potential to become a factory of the world'
According to seekingalpha.com, Vietnam has a number of macro-level advantages to take advantage of production shifting opportunities due to COVID-19, as well as welcome many companies to move their production facilities to...
Why are car prices in Vietnam so expensive?
Why are car prices in Vietnam currently high compared to other countries, including developing countries as well as neighboring countries...
Continuously decreasing, car prices in Vietnam are still higher than in Thailand
Car prices in Vietnam are nearly twice as high as in Thailand, and this figure is even higher when compared to countries with stable auto industries such as the US and Japan. The reason...
Ministry of Finance proposes new tax plan for cars with less than 9 seats
If the Ministry of Finance's proposal is approved by the Government, domestic cars will decrease in price if the localization rate increases, and taxes on spare parts and components may be reduced to 0%.
Approving the Strategy for the Development of Vietnam's Automobile Industry
The strategy for developing Vietnam's automobile industry to 2025, with a vision to 2035, sets a target that by 2035, the number of domestically produced and assembled vehicles will account for about 78% of domestic demand...
Bankruptcy of the auto industry: No growth
Pure... assembly
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