According to the General Statistics Office, the total car supply, including both locally produced and imported, totalled roughly 500,000 as of September.
The government has asked Hà Nội to study increasing various fees on fossil-fuel vehicles, including registration tax, licence plate fees and parking charges.
Industry analysts believe that the sweeping price cuts and demand-stimulus measures introduced earlier this month are critical steps to revitalise Việt Nam’s auto market following a prolonged period of sluggish sales.
