Vietnam Fin Min rules out extending supporting program for domestic cars
A 50% reduction in the registration fee for domestically-produced cars is seen as discriminatory treatment against imported ones.
A 50% reduction in the registration fee for domestically-produced cars is seen as discriminatory treatment against imported ones.
Car sales in Vietnam in the January–September period dropped 22% year-on-year to 179,155 units across all segments.
The figure marked the first decline in car sales in four months, following month-on-month increases of 0.3% in July, 26.4% in June and 103% in May.
The main issues of the local automobile industry lie in the inability to master core technologies such as engine production, the control and transmission systems.
In the January – November period, Vietnam imported 135,230 cars worth US$2.91 billion, up 100.4% in quantity and 97.7% in value year-on-year.