Tag: automobile
Vietnam to solve bottlenecks to develop its auto industry
Limited market capacity and price differences between domestically produced cars and imported cars are the two biggest bottlenecks for the local auto industry, according to the latest report from the Ministry of Industry and Trade (MoIT).
Budget revenue rises on robust banking, securities, real estate and automobile sectors
The budget revenue increased significantly in the first five months of this year thanks to recovery from 2020 and some sectors seeing strong growth, such as banking, securities, real estate and automobile industries, according to the General Department of Taxation.
Rubber exports soar over five-month period
VOV.VN - Vietnam exported 548,000 tonnes of rubber worth US$923 million during the opening five months of the year, up 58.7% in volume and 94% in value compared to the same period last year, according to the Ministry of Industry and Trade.
DOC makes positive conclusion for Vietnam’s tyre makers
The US Department of Commerce (DOC) has issued a positive conclusion for Vietnam in the anti-dumping and countervailing duty probes into imported automobile tyres.
MoU inked for enhanced capacity of support industry firms
Toyota Motor Vietnam Co., Ltd. and the Ministry of Industry and Trade’s Industry Agency on May 17 signed a memorandum of understanding on their cooperation project to improve the capacity of domestic enterprises in supporting industries and strengthen their linkages with automobile assemblers.
Investors prefer trading in land, shun the less profitable auto industry
Vingroup has sent a dispatch to the Ha Tinh provincial People’s Committee, proposing a project on an automobile complex.
Proposal of reducing registration fee for domestically-produced cars rejected
The Ministry of Finance has rejected the Vietnam Automobile Manufacturers’ Association (VAMA) proposal to continue reducing the registration fees for new domestically-produced cars by 50%.
More than US$1.1 billion spent on car imports in four months
More than US$1.1 billion was spent on importing 49,360 completely built-up (CBU) vehicles in the four months of 2021 in Vietnam, a surge of 55.2% in volume and 57.2% in value over the same period last year, the General Statistics Office (GSO) has reported.
Vietnam AutoExpo 2021 to take place in August
The 17th International Exhibition on Automobile, Transportation and Supporting Industry (Vietnam AutoExpo 2021) will take place at the Vietnam National Convention Centre in Hanoi from August 19 to 22, gathering leading brands of commercial and specialised vehicles and motorcycles as well as supporting industries.
When will Vietnam begin to make electric cars?
On March 24, Vinfast made headlines after releasing its statement about receiving orders for its first electric car model VF e34 for VND690 million (about US$32,000), to be delivered in the third quarter of 2021.
