Automobile sales in Vietnam posted a month-on-month increase of 30% and a year-on-year increase of 6% in November, announced the Vietnam Automobile Manufacturers’ Association (VAMA).

The Vietnam Automobile Manufacturers’ Association (VAMA) has announced that the total market sales of its member units reached 38,656 vehicles last month, a month-on-month increase of 30%, and a year-on-year increase of 6%.

The automobile market has become bustling again after the Government cut by 50% the vehicle registration tax.

The Government has issued Decree No.104/2021/ND-CP on the extension of the deadline for special consumption tax payment on domestically-manufactured or assembled automobiles.

The Ministry of Finance (MoF) has proposed rescheduling excise tax payments for local automobile manufactures and assemblers.

The domestic auto market is expected to grow further in the remaining months of this year after expanding up to 120% in October, experts have said.

Supply chains in Southeast Asia are racing to recover to full strength after months of factory stoppages and production cuts, including Vietnam which is seeing a rapid return to normality, according to an article published on Japan’s Nikkei newspaper.

Deputy Minister of Industry and Trade Dang Hoang An and his Russian counterpart Alexey Gruzdev had an online working session on November 3, during which the Russian side wanted to promote the implementation of a protocol on cooperation in the automobile industry.

VOV.VN - A number of key industries such as automobile production and mechanics are viewed as projects that have great potential and prospects for co-operation between Austria and Vietnam, according to the Vietnam Association of Mechanical Industry (VAMI).

The Vietnam Fatherland Front Committee of Hanoi on October 16 received over 85.3 billion VND (3.7 million USD) in cash and kind donated by agencies and enterprises to support the capital city’s COVID-19 fight.