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Public decries plan to impose fees on vehicles

Many people are voicing their objections against the Ministry of Transport’s latest plan to collect fees on private vehicles, including automobiles and motorcycles. Under the ministry’s proposal sent to the Government, the so-called vehicular circulation fee will be imposed, at VND20-VND50 million a year on automobiles of under nine seats,...

Posted date: Fri, 13 Jan 2012 - From: Automotive News

Auto sales fall 12 per cent in December

Vietnam ’s vehicle sales suffered a 1 per cent drop last year and a dramatic 12 per cent fall in December, the Vietnam Automobile Manufacturing Association (VAMA) said on Jan. 10, as the auto sector heads into a difficult year. Slightly more than 110,000 vehicles were sold last year. The association, whose members' sales accounted for the...

Posted date: Wed, 11 Jan 2012 - From: Automotive News

Carmakers fume over fees

Vietnam-based car-makers are feeling the heat after Hanoi and Ho Chi Minh City lifted automobile ownership registration tax rates. These higher fees are part of the cities’ efforts to reduce chronic traffic congestion but industry players are crying foul. Toyota Motor Vietnam (TMV) general director Akito Tachibana, who is also chairman of...

Posted date: Mon, 09 Jan 2012 - From: Automotive News

Expert blames unqualified gasoline for bike fires

One of the causes for the mysterious fires that destroyed a series of motorbikes nationwide may be the poor quality of the gasoline that they had been filled with, a lecturer at a Ho Chi Minh City university said. Thi Hong Xuan, of the Engineering and Technology Department of the HCMC Agriculture and Forestry University, told Tuoi Tre that...

Posted date: Tue, 03 Jan 2012 - From: Automotive News

Ho Chi Minh City automakers to form park

The government has cleared a Ho Chi Minh City administration proposal to upgrade the automotive industry cluster in Cu Chi district into an industrial park. The decision, a possible turning point in the development of the mechanical engineering industry, will see the new IP added to a list of industrial parks to be given priority for...

Posted date: Tue, 03 Jan 2012 - From: Automotive News

New car imports total $1 billion in 2011

HA NOI — The country spent more than US$1 billion on importing 55,000 new cars in 2011, despite economic difficulties, estimated the General Statistics Office (GSO). The figures were up 2.1 per cent in volume and 4.2 per cent in value against the previous year. The last month of the year saw 4,000 units worth $64 million imported, up on...

Posted date: Sat, 31 Dec 2011 - From: Automotive News

Auto car market booming before the “curfew”

Vietnam is still considered a potential market for car manufacturers despite the recent decisions by state management agencies to restrict private cars. Upgrading the infrastructure, building more parking lots, applying necessary measures to ease the traffic congestion and creating favorable conditions for the development of the automobile...

Posted date: Wed, 21 Dec 2011 - From: Automotive News

Construction begins on new Honda motorbike factory

Honda Vietnam Company started construction of its third factory for manufacturing motorbikes and spare parts in the northern province of Ha Nam on December 19. The $120 million factory, covering a total area of 27 hectares, is expected to be put into operation after one year of construction, provide jobs for nearly 2,000 people, and contribute...

Posted date: Tue, 20 Dec 2011 - From: Automotive News

Italy becomes top motorbike supplier of Vietnam

Italy and China surpassed Thailand to become top two motorbike suppliers of Vietnam in November. But during the first 11 months generally, Thailand still was the top provider. In November, the import of completed built motorbikes into Vietnam reached 3,666 units worth $6.3 million, down 18.2% in volume and 12.7% in value compared with October,...

Posted date: Tue, 20 Dec 2011 - From: Automotive News

Auto market gets burning as people rush to buy cars to avoid high tax

The decision to increase the car ownership registration tax, the number plate registration and granting fee is believed to have big impacts on the automobile market. People are believed to be rushing to purchase cars prior to January 1, 2012, to avoid the new tax and fee policies. As predicted, the Hanoi People’s Council on December 8...

Posted date: Tue, 13 Dec 2011 - From: Automotive News

Vietnam Jan-Nov auto sales fall 1 pct y/y-industry

Car sales in Vietnam slipped 1 percent in the first 11 months of the year from the same period last year to 98,709 units, the Vietnam Automobile Manufacturers’ Association (VAMA) said on Wednesday. Sales in November alone dropped 22 percent from the same month in 2010 to 8,773 units, the association said in its monthly report. Vietnamese car...

Posted date: Sun, 11 Dec 2011 - From: Automotive News

Toyota Vietnam launches anti-counterfeit parts campaign

Toyota Motor Vietnam (TMV) on Wednesday announced its anti-counterfeit spare parts activities at all its dealers and service stations running until December 15. The campaign is aimed at ensuring the interests of car owners and protecting Toyota’s reputation. Beside displaying new models, TMV directs the attention of customers to the...

Posted date: Fri, 02 Dec 2011 - From: Automotive News

Big automobile manufacturers leaving Vietnam?

If Vietnam cannot develop the automobile industry, it will have to spend 12 billion dollars a year to import cars by 2025. If so, Vietnam will have to suffer more serious trade imbalance, while the big automobile market will fall into the hands of foreigners. There are now 12 foreign invested automobile assemblers in Vietnam. However, no one...

Posted date: Tue, 29 Nov 2011 - From: Automotive News

Vietnam’s automobile import continues decreasing in value

Despite the year is going to end, the imported automobile import in Vietnam has not signalled to recover. According to the General Statistics Office (GSO), November import of automobiles once more time stayed at the bottom established in August, the Vietnam Economic Times reported. In details, 3,000 automobiles were imported to Vietnam in...

Posted date: Tue, 29 Nov 2011 - From: Automotive News

Year-end paradox: car manufacturers reduce prices to stimulate demand

Unlike previous years, it is still quiet in the year-end sale season. Even the information about the possible car registration tax increase to 20 percent cannot help encourage people to buy cars at this moment. In general, people rush to repair houses and buy cars to celebrate Tet. However, they do not intend to do these things now, even though...

Posted date: Sun, 27 Nov 2011 - From: Automotive News