While the policy reflects Vietnam’s intent to strengthen trade relations with the US, the real impact on car prices will be modest partly because import tariffs are just one part of the vehicle's cost.
Geely clearly demonstrated its green and sustainable direction with the all-electric Geely EX5, which stands out with its powerful 218-horsepower electric motor, 320 Nm of torque, and a 60.2 kWh battery capacity allowing the vehicle to travel up to 430 kilometres on a full charge.
Auto sales in Vietnam in July increased 9% from the previous month to 28,920 units, the Vietnam Automobile Manufacturers’ Association (VAMA) announced on August 13.
Vietnam Register (VR) under the Ministry of Transport (MoT) has recommended car owners to check the certifications of the validate time of their vehicles’ registration certificates and stamps via the website //giahanxcg.vr.org.vn and only do so when their cars near registration expiry.
Indonesian President Joko Widodo has agreed to extend luxury tax exemption on low-cost cars until the end of this quarter, Coordinating Minister for Economic Affairs Airlangga Hartarto has said.
Vietnam imported 8,800 cars of various types worth 202 million USD in August, a surge of 85.6 percent compared with the previous month, according to a report from the General Department of Customs.
Vietnam’s first domestic automaker, VinFast, announced on June 10 that it sold more than 2,160 vehicles during the month of May, with the hatchback Fadil its most popular model.
The Vietnam Association of Motorcycle Manufacturers (VAMM) reported gloomy figures for the last months of 2019, a time when the industry typically expects a boom in sales revenue.
The Republic of Korea’s two leading auto manufacturers, Hyundai Motor Co. and Kia Motors Corp, have announced a target of selling a combined 7.6 million cars in 2019 and an additional 250 million USD in Grab, a ride-sharing company in Southeast Asia.
Vietnamese businesses imported nearly 10,000 completely built cars in August, up 50 percent compared with the previous month, according to the General Department of Vietnam Customs.
The internet of things (IoT) is growing rapidly world-wide ushering in momentous changes and huge opportunities for businesses, a conference heard in HCM City on June 12.
Ho Chi Minh City’s pilot car rental service for Government officials that began on May 1 is expected to save more than 100 million VND (4,400 USD) per month for the State budget.
Officials from Thailand’s Excise Department are now studying the possibility of charging pollution tax on motorcycles similar to cars in accordance with the emission of CO2.
Hanoi hopes to continue having the European Investment Bank (EIB)’s company in developing its urban railway system, Vice Chairman of the municipal People’s Committee Nguyen The Hung told Vice President of the bank Jonathan Taylor at their working session in Hanoi on January 10.
