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 [...]

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 [...]

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 [...]

Car market in auto cruise mode

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. [...]

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