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Government responds to the Decree 116 on harnessing automobile import

The incurring matters of the Government’s Decree No. 116/2017/ND-CP as well as the unavailable circular guiding the Decree have caused many difficulties to automobile importers.

“New barrier” on automobile import

The Government’s Decree No. 116/2017/ND-CP which came in full force and effect on January 01, 2018, is viewed as a “new barrier" to protect domestic automobile industry from the automobiles imported from ASEAN entitled to a zero per cent tariff, according to automobile importers and exporters.

VAMA Chairman: "It is forecasted in 2018 the demand for CKD automobile models will increase"

According to Toru Kinoshita, chairman of Vietnam Automobile Manufacturers' Association (VAMA) cum president of Toyota Motor Vietnam, under the impact of some conditions regulated in Decree 116, auto companies may face difficulties and have to postpone Complete Built Up (CBU) importation.

Prices of some automobile models suddenly increase to contradict common trend

Truong Hai Auto Corporation (Thaco) has announced a slight reduction of some Mazda models’ prices while Honda CR-V’s price is also showing signs of increasing before Tet holiday.

As taxes fall to zero, automakers race to offer discounts

A series of cars in the Vietnam market such as Chevrolet Vietnam, Truong Hai (THACO) and Toyota are offering discounts.

Doubled import tax obstructs the entrance of used cars to Vietnam

From January 1st, 2018, the tax on imported cars will increase by thousands of dollars as the application of a new decree, hindering the entrance of used cars to Vietnam.

New business registration falls slightly in November

10,920 enterprises were established in November with a registered capital of VND109.9 trillion (US$4.8 billion), representing declines of 2.1 per cent and 7.8 per cent respectively, compared to the previous month, according to the Ministry of Planning and Investment.

Over twenty thousand cars sold in October showing a rebound in the market

There was a positive sign of the Vietnam automobile industry of which revenue in October 2017 was higher than last month.

Vingroup and THACO risk manufacturing cars despite a downward tendency of price

While automobile assembly enterprises in Vietnam have stopped manufacturing and imported automobiles instead, Vingroup, the leading real estate developer in Vietnam, and Truong Hai Auto Corporation (THACO), one of the leading car manufacturers in Vietnam, show the opposite trend.

Competition in automobile market fiercer than ever

The auto market in Viet Nam is becoming more competitive when car firms drop prices to promote consumption in the context of ASEAN’s new tariff cut and the government’s tax policy changes.