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 [...]

Auto imports rise 30% in August

The country imported 4,000 cars, worth US$78 million, in August, bringing the total number in the first eight months of the year to 42,000, worth $782 million, according to the General Statistics Office. The number of imports in the first eight months of the year was up 30 per cent in terms of volume and [...]

Low sales put firms on brink

Honda motorbike dealers have been surprising customers by selling their most-popular model, the Air Blade, at about VND1 million below the list price. The situation is quite a turnaround from two months ago when customers often had to pay up to VND10 million above list to get their hands on one. The dealers are blaming [...]

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