The draft fuel economy standards at 4.83 litres per 100 km by 2030 must push nearly all gasoline – powered car models off the market, Vietnam Automobile Manufacturers Association (VAMA) said, calling for a roadmap with softer fuel economy rules.
Accumulated in the first eight months of 2025, total sale of VAMA members reached 220,733 units, a sharp increase of 16.8 per cent over the same period in 2024.
The proposed decrease in tax rates for self-charging hybrid electric vehicles (HEVs) with nine seats or fewer, as outlined in a draft law by the Ministry of Finance, appears to be a significant shift in tax policy, according to experts.
During the five-month span, VAMA members sold a total of 108,309 autos, with the sales of domestically produced units falling 14 per cent and imported vehicles rising 8 per cent year-on-year.
The automobile sales in Việt Nam faced difficulties in August, despite a slight grow in July following the reduction of registration fee by half, according a report of Vietnam Automobile Manufacturers Association (VAMA).
Interest rate cuts and a 50 per cent reduction in automobile registration fees are seen as positive factors for the industry in the second half of 2023.
Automobile sales saw growth in the first quarter of this year as manufactures launched promotions together with increases in supply and lower interest rates.