The Vietnamese government has announced a temporary 50% reduction in registration fees for domestically produced and assembled cars.

VOV.VN - Elite members of the Government, during a meeting on August 15, agreed to reduce the registration fee for domestically produced and assembled cars by half.

Auto sales in Vietnam in July increased 9% from the previous month to 28,920 units, the Vietnam Automobile Manufacturers’ Association (VAMA) announced on August 13.

The domestic used car market has shown a robust recovery in the first half of 2024, marking a significant turnaround from the slump experienced in 2023, according to industry insiders.

VOV.VN - Vietnam’s leading electric vehicle manufacturer VinFast has delivered the first batch of its mini electric car VF 3 to customers in the country.

VOV.VN - Vietnamese firms imported 91,585 completely-built-up (CBU) cars worth nearly US$1.89 billion in the first seven months of the year, up 90.4% in volume and 54.8% in value year on year, according to the General Department of Vietnam Customs.

Lotte Rental Co., a major car rental firm in the Republic of Korea (RoK), on July 22 announced that it will enter Vietnam's individual long-term car rental market in the second half of this year.

VOV.VN - Vietnamese firms spent US$1.55 billion on importing 74,585 completely-built-up (CBU) cars in the first six months of the year, according to the General Department of Vietnam Customs.

Vietnam’s automobile market is expected to bounce back in the last months of 2024 if a proposal to cut registration fees by half for domestically manufactured and assembled cars is approved.

VOV.VN - As many as 43 passengers luckily survived a severe head-on collision between a passenger bus and a truck in Binh Dinh province, central Vietnam, on June 25.