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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 some macro advantages to take advantage of the production shift opportunity due to COVID-19, as well as welcome many companies to move their production facilities to Vietnam.
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 automobile industries such as the US and Japan. The biggest reason for high car prices in Vietnam is due to high taxes and fees.
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 be cheaper if the localization rate increases, and taxes on spare parts and components could be reduced to 0%.
Approval of the Development Strategy of Vietnam's Automobile Industry
The strategy for developing the Vietnamese 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, while the total number of exported vehicles will reach about 90,000 units...
Auto Industry Bankruptcy: No Growth
Pure... assembly
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