Local auto market competition is hitting the fast lane. A range of new models are being rolled out such as the Hatchback Mazda making a comeback in the Vietnamese market early this year after it was imported into the country by VinaMazda, which acts as an authorised Vietnamese sales agent for Japan-based Mazda Motor Corporation. [...]
Vietnam imported 3,958 cars in July, down 46 percent from June, as the government has tightened control over car trading. This translates to a 41.2 percent drop in dollar amount to US$74 million in July, Thoi Bao Kinh Te Vietnam reported Friday, citing customs office data. A rule taking effect at the end of June [...]
The Ministry of Finance (MOF) has reportedly failed to collect the tax on the 40 vehicles imported by an enterprise in Phu Tho province. The decision to collect tax arrears has been rejected by the court. MOF: investment license the key problem Several years ago, the Phu Tho Passenger Transport Joint Venture imported 40 vehicles [...]
The number of imported cars dropped nearly 46% in July compared to the previous month, at 3,958 vehicles with a total value of US$72 million, according to data from the General Department of Customs. According to Sai Gon Giai Phong, industry insiders attribute this decline to a circular dated May 12 this year issued by [...]
The customs at national border gates will impose new tariffs on imported used motor vehicles for 15 seaters or more under the Prime Minister’s Decision 36/2001/QD-TTg. Accordingly, a tax rate of US$3,500 per item will apply to automobiles for 9 passengers or more with a capacity lower than 1,000cc, and US$7,000-8,000 per item on automobiles [...]
Germany’s Bosch on Friday announced that it will double investment in its auto components plant known as the gasoline systems factory in the southern province of Dong Nai from $73 million to $132.6 million by 2015. At the gala dinner in HCMC to mark the 125th birthday of the Bosch Group, Vo Quang Hue, managing [...]
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