Auto dealers have proved to be the biggest beneficiaries of the Government's move to introduce a 50% cut in car registration fees, and not car buyers, as expected, 

The Ministry of Finance is compiling a draft decree on lowering the registration fees of locally assembled or manufactured autos by 50% until the end of this year and will consult other ministries before submitting it to the Government for approval.

Vietnam is striving to successfully build up its automobile industry. 

The Vietnam Association of Motorcycle Manufacturers (VAMM) reported gloomy figures for the last months of 2019, a time when the industry typically expects a boom in sales revenue.

Cars will be banned from selected roads in downtown HCM City to ensure relocation of Nha Be – Tao Dan underground cable systems that cross Ben Nghe Canal.

BlackBerry Ltd said on Wednesday it has developed new software for running complex computer systems on vehicles, giving the once dominant smartphone maker a leg up in a burgeoning segment of the technology market.

 VietNamNet Bridge – It is a fact that young adults are thinking differently about life values and what constitutes happiness.

 Honda Motor Co (7267.T) on Thursday said it was recalling about 668,000 vehicles in Japan to replace air bag inflators supplied by Takata Corp (7312.T), as part of an expanded nationwide recall announced earlier this year.

 VietNamNet Bridge – Most low-cost cars introduced in Vietnam have failed to win the hearts of consumers, as many Vietnamese equate low-cost with low-quality.

 Methane produced by cows in New Zealand's intensifying dairy industry and vehicle exhausts have helped drive up the country's greenhouse gas emissions by 25 percent over the last two decades, according to a government report out Friday.

 VietNamNet Bridge – At least two leading automobile manufacturers in the world have decided to cancel their development projects in Vietnam because of the weak supporting industries in the country.

 VietNamNet Bridge – The members of the Vietnam Automobile Manufacturers’ Association now tend to import cars from AFTA countries for domestic sale instead of assembling cars themselves.

 VietNamNet Bridge – If having the locally made content ratios of 40 percent or higher for less-than-9-seat cars, automobile manufacturers would enjoy the 70 percent luxury tax.

A lot of automobile manufacturers are considering stopping assembling cars in Vietnam and shifting to distribute cars in the market. If so, Vietnam would not have its automobile industry, and the forecast car price reductions would be far away.

VietNamNet Bridge - Within about 30 minutes on the morning of April 17, four accidents occurred on the Saigon Bridge, HCM City. The accidents made 12 cars deformed and caused traffic jams.

Peugeot announces its return to Vietnam; PetroVietnam increases investment in Russia; Thua Thien - Hue lures investment to IZs; Hanoi welcomes 5.12 million visitors in Q1

While the real estate market has become frozen, low-cost and medium-class product sales have been going very slowly, deluxe products still can be sold well in Vietnam, which has prompted the biggest fashion brands to flock to the country.

VietNamNet Bridge – The Ministry of Transport said that from 0h on January 1, 2012, the state-owned toll will be closed. Instead, people will pay road maintenance fees.