Vietnam to support auto parts production with tax breaks, credit access

Local auto companies will be supported by the government The government will continue to provide incentives for car parts producers to boost the local auto industry, which has been struggling for years depsite considerable preferential treatment. According to a report on news website VnExpress Sunday, local auto companies manufacturing 15 priority products including engines, frames, [...]

Car importers in the fast lane

Car import firms’ headaches have eased with a Ministry of Industry of Trade car import guiding document. In light of Document 7860 dated August 24, 2011 less-than-nine seat imported cars going on ship prior to June 26, 2011 and reaching Vietnamese ports prior to July 24, 2011 would make import procedures based on former regulations [...]

Car importers in the fast lane

Car import firms’ headaches have eased with a Ministry of Industry of Trade car import guiding document. In light of Document 7860 dated August 24, 2011 less-than-nine seat imported cars going on ship prior to June 26, 2011 and reaching Vietnamese ports prior to July 24, 2011 would make import procedures based on former regulations [...]

Mazda2 Local Assembly to Commence in Vietnam

Mazda Motor Corporation has announced that it will commence local assembly of the Mazda2 in Vietnam in October 2011. The Mazda2(1) will be produced at a newly-constructed assembly plant owned by Vina Mazda Automobile Manufacturing Co., Ltd(2) in the Nui Thanh district of Quang Nam province. Sales of the locally assembled Mazda2 in Vietnam will [...]

Honda in talks with Vietnam government over back taxes claims

Honda Motor Co., Japan’s third- largest carmaker, is in talks with the Vietnamese government over claims that its local unit owes “back taxes” from importing parts to the country. The company’s unit in Vietnam was contacted by tax authorities there about the claim, Honda spokesman Tomohiro Okada said by phone today. “We have received information [...]

Honda Vietnam threatens to reconsider investment plan in Vietnam

Honda Vietnam will reconsider its investment and business plans in Vietnam if it is hit by a multi-million dollar tax arrears bill. The manufacturer stated in a document sent to the government opposing the decisions, from custom departments in Hanoi and Vinh Phuc province, for collecting $160 million in tax arrears payments. The custom departments [...]

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