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VinFast eyes breakeven in next five years
Automaker VinFast expects to break even in the next five years as it ramps up production and cuts costs.
Dealers cut car discounts as demand recovers
Major auto brands like Toyota and Hyundai are cutting or reducing discounts as sales recover following a pandemic-induced plunge.
Automobile market sees recovery as government slashes fee
Auto sales in June surged 26 percent against May, with industry insiders attributing it to the government’s cutting of first-time registration fees by half.
July 13, 2020 | 11:38 am GMT+7
Vietnam cuts auto registration fee by half
Locally made cars would have their first-time registration fee cut by half until year's end, starting Sunday, according to a new decree.
June 28, 2020 | 08:01 pm GMT+7
US begins anti-dumping probe into Vietnamese tires
The U.S. has initiated an anti-dumping investigation into passenger vehicle and light truck tires from Vietnam and three other economies.
June 25, 2020 | 03:37 pm GMT+7
Vietnam waives import tax on car components not made domestically
Auto components that are not manufactured domestically will be exempt from import tax from July 10.
May 29, 2020 | 01:00 pm GMT+7
Car buff makes old auto parts tell the time
Nguyen Tuan Anh gives old car and motorbike parts a new lease of life by turning them into handmade decorative clocks.
May 27, 2020 | 04:29 pm GMT+7
Half of Vietnamese buyers favor used cars assembled locally
55 percent of buyers prefer used cars assembled in Vietnam to those imported from South Korea and Japan, a 2019 survey found.
January 08, 2020 | 02:50 pm GMT+7
Vietnam sees car imports double
Dwindling sales of locally assembled cars and rising sales of imports are causing local manufacturers to demand more tax incentives to compete.
December 27, 2019 | 02:05 pm GMT+7
Vietnam struggles to meet car localization target
Vietnam’s 20-year auto industry is still far away from meeting its localization target to better compete with regional competitors.
December 09, 2019 | 07:55 am GMT+7
Making cars costs more in Vietnam than other ASEAN countries
Cars assembled and produced in Vietnam cost 20 percent more than in Thailand and Indonesia because a large number of parts have to be imported.
November 29, 2019 | 01:25 pm GMT+7
Saigon to double car registration fees
HCMC will raise registration fees of cars under 9 passenger seasts from VND11 million ($473) to VND20 million ($860) from October 17.
October 07, 2019 | 08:55 pm GMT+7
Auto industry’s overwhelming reliance on imports continues
The need to import most parts makes auto prices in Vietnam higher than in neighboring countries, insiders say.
September 26, 2019 | 07:39 am GMT+7
South Korea supplants Japan as biggest seller of car parts to Vietnam
South Korea has overtaken Japan as Vietnam’s biggest supplier of automobile parts with a 29 percent share.
August 27, 2019 | 06:00 pm GMT+7
Annual car sales to reach a million in 2025
Vietnam's annual car sales could more than triple in the next five years to reach a million in 2025.
August 17, 2019 | 07:32 pm GMT+7
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