The ownership registration tax increases, plus the proposed yearly traffic fees on personal vehicles and cars have made all people unhappy. Manufacturers fear that their products would be salable, while car buyers try to dodge the laws to avoid high tax. Market gloomy Do Xuan Quan, Sales Director of Nissan Ha Dong sale agent, said [...]
The 2011 automobile market was gloomy with no growth rate and the sales just equal to that of 2010. A lot of automobile manufacturers reportedly meet difficulties. No growth in 2011 The report by the Vietnam Automobile Manufacturers’ Association VAMA shows that its 17 member corporations had sold 98,709 cars by the end of November [...]
The ownership registration tax increases, plus the proposed yearly traffic fees on personal vehicles and cars have made all people unhappy. Manufacturers fear that their products would be salable, while car buyers try to dodge the laws to avoid high tax. Market gloomy Do Xuan Quan, Sales Director of Nissan Ha Dong sale agent, said [...]
The government’s strong measures to restrict personal car usage have bothered industry insiders. Japan-backed Nissan Vietnam Company Limited general director Choo Hong Chow said if the Ministry of Transport’s proposal to impose road travel fees on motorbike and especially car users got the government’s green-light after registration fees and number plates hiked sharply from January [...]
Many auto firms are worried the auto sales decline that began in 2011 will continue and even worsen this year. The latest report of the Vietnam Automobile Manufacturers Association (VAMA) showed a slight drop of 1 percent in auto sales last year compared to 2010, with some 110,900 vehicles sold by VAMA members. According to [...]
The latest report of the Vietnam Automobile Manufacturers Association (VAMA) showed a slight drop of 1% in auto sales last year against 2010, with some 110,900 vehicles sold by VAMA members. The downtrend beginning last year is believed by several auto firms to continue and even worsen in 2012, now that the economy will hardly [...]
Many people are voicing their objections against the Ministry of Transport’s latest plan to collect fees on private vehicles, including automobiles and motorcycles. Under the ministry’s proposal sent to the Government, the so-called vehicular circulation fee will be imposed, at VND20-VND50 million a year on automobiles of under nine seats, and VND500,000 to VND1 million [...]
Vietnam Automobile Manufacturers’ Association (VAMA) has lately reported that automobile sales in 2011 dropped 1 percent from 2010 to 110,938 cars. Vietnamese car maker Truong Hai led the country’s automobile sales last year among the 17 manufacturers in Vietnam, having sold 31,801 cars, up 28.7 percent from 2010, VAMA said. Truong Hai assembles vehicles including [...]
The Vietnamese motorbike market has been growing for some years, but the financial situation has changed the outlook for the coming year. Despite various promotion and advertisement programmes, motorbike companies have seen a sharp drop in sales. Many staff remain idle at their dealerships, waiting around for customers to arrive, while most shops claim to [...]
With the Circular No 20 which stipulates strict regulations on the procedures for importing cars, experts believe that only the products to be distributed by authorized resellers can go through the border. However, in reality, luxury cars from different sources still have been flocking to Vietnam. The information that Hung Long, a private car company, [...]
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