According to the latest figures from the Department of Customs, Việt Nam imported 16,343 cars in October. Although this represents a 5.5 per cent from the previous month, total imports over the first 10 months reached 171,364 units, up 20...
According to VAMA’s latest report, the growth reflects a clear recovery in consumer demand, ample supply, and the appeal of promotional programmes during the year-end shopping season.
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.