Cars will enjoy a 50% cut in registration fees from July 1 following a Government decree on registration fee reduction for domestically manufactured and assembled automobiles.

VOV.VN - As many as 461 exhibitors from 20 countries and territories globally are attending Automechanika 2023, a regional trade fair held for the automotive service industry, which opened at Saigon Exhibition & Convention Centre (SECC) in Ho Chi Minh City on June 23.

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 22,409 automobiles of all kinds in May, a decrease of 8% compared with the previous month.

VOV.VN - Thailand has surpassed the likes of Indonesia and China to become Vietnam’s largest automobile supplier during the opening five months of the year, according to the General Department of Vietnam Customs.

The Ministry of Industry and Trade supporting the reduction of automobile registration fees is considered to have a positive effect on the auto industry in the context of the automobile market facing many difficulties.

There are about 2.5 million automobiles that need mechanical checks in the next six months, according to the Vietnam Register (VR).

Members of the Vietnam Automobile Manufacturers Association (VAMA) sold over 30,038 vehicles in March, up 30% from the previous month, after recording growth of 33% in February, VAMA announced on April 13.

Brand-new automobiles will be exempt from the first mechanical check under a revised circular on technical safety and environmental protection promulgated by the Ministry of Transport.

Vietnamese automobile prices are substantially higher than those in other regional countries because of high taxes and low output, according to the Ministry of Industry and Trade.

VOV.VN - Vietnam has overtaken the Philippines to become the fourth largest automobile consumption market in Southeast Asia, behind only Thailand, Indonesia, and Malaysia, according to the Ministry of Industry and Trade.