After the Government’s move to lower car registration fees by half took effect more than a week ago, the domestic car market has picked up.
The European Chamber of Commerce in Vietnam (EuroCham) proposed the Government to apply a 50% registration fee reduction to all automotive assembly firms, importers and dealers of new vehicles.
The Ministry of Finance has officially asked the Government to cut 50% of the registration fee for customers who buy locally-produced and assembled automobiles.
Prime Minister Nguyen Xuan Phuc will cut 50% of registration fees for locally-manufactured and -assembled cars from now to the end of this year.
(VOV) -The Vietnam Automobile Manufacturers’ Association (VAMA) has reported the domestic auto industry sold nearly 9,731 units in May, up 11% on April and 42 percent more than the same month in 2012.