The Vietnam Automobile Manufacturers’ Association (VAMA) reported that its members suffered a decline in sales for the second consecutive month in February, with 22,802 cars sold units, or a 26% decrease.

VOV.VN - Vietnam will reduce the excise tax and registration fee placed on electric cars, with these two preferential policies anticipated to become a lever in which the local electric vehicle market, which is in its infancy, can quickly develop in 2022.

VOV.VN - Whilst the prolonged COVID-19 outbreak posed numerous challenges, it also presented plenty of opportunities for local automobile manufacturers to make a spectacular breakthrough in 2021.

A 50% reduction in registration fees for domestically-assembled cars is forming part of a push to help the auto market grow in the next six months.

The Ministry of Finance has proposed halving the registration fee for locally assembled or manufactured cars from November 15 until mid-May next year.

The Ministry of Finance has proposed that registration fees for electric vehicles should be half those for gasoline vehicles with the same number of seats to boost the consumption of environmentally friendly cars.

The Ministry of Finance has continued to cut a number of charges and fees to support and remove difficulties caused by the COVID-19 pandemic for businesses and individuals.

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%.

The prime minister issued Decision No.10/2021/QD-TTg providing criteria for identifying high-tech enterprises, effective from April 30.

A long Lunar New Year holidays, the ending of registration fee cut and impacts from COVID-19 pandemic are major reasons behind a strong fall of automobile sales in February, according to insiders.