Amid rising concerns over unjust penalties, more Vietnamese drivers are equipping their cars with dashcams for legal protection and safer driving.

Toyota Vietnam has produced 700,000 cars, but only one model meets localization goals.

Experts have noted that automobile exports not only benefit businesses but also significantly contribute to the Vietnamese economy, while promoting the development of the supporting industry.

While China remains a significant supplier, recent trade data highlights Vietnam’s efforts to diversify supply to meet industry demands.

Instead of enjoying a zero percent registration fee, battery-powered electric vehicles (EVs) will be required to pay 50% of the fee applicable to internal combustion engine cars with the same seating capacity.

The Vietnamese automobile market rebounded in the latter half of 2024, fueled by government policies, new car launches, and the EV wave.

Domestic car production in Vietnam reached unprecedented levels in November, driven by government incentives and year-end market demand.

The Ministry of Finance has proposed the tax incentives for the automobile part-supplying industry to be extended to December 31, 2027 instead of the end of this year to promote the development of the domestic automobile industry.

Honda Vietnam has initiated a second recall of its popular CR-V e:HEV RS hybrid SUVs this November, affecting nearly 3,000 units due to high-pressure fuel pump defects.

To reduce net emissions to zero by 2050, Vietnam needs $90.88 billion (VND2.26 quadrillion) in the next 25 years to develop a network of charging stations for green transport. The minimum investment capital needed is $31.76 billion (VND792 trillion).

With Chinese brands rapidly expanding in the Vietnamese market, experts are calling for protective policies to safeguard local manufacturers and ensure the country’s long-term industrial growth.

Despite a later start than other regional countries such as Thailand, Indonesia and Malaysia, Vietnam has established itself as a formidable rival in the automobile market.

The Vietnamese government has finalized a decision to halve registration fees for locally produced cars for the remainder of 2024.

The Ministry of Finance has raised concerns about the potential risks of reducing registration fees for domestically produced cars, highlighting the possibility of violating international commitments.

Although the Ministry of Finance (MOF) has proposed cutting the vehicle registration tax by 50 percent, it is worried about the implementation of international commitments.

Vietnam is highly committed to transforming towards green practices across various industries, including the car industry.

There is currently no national standard for emissions for electric and hybrid vehicles in Vietnam, which has hindered many manufacturers from producing or importing these vehicles.

The Vietnam Motor Show (VMS), the largest playground for the automotive industry in Vietnam, will return in October this year after a one-year hiatus due to difficult economic conditions, bringing together many global brands.

More than 30% of Vietnamese consumers are interested in purchasing electric vehicles (EVs), according to a recent Deloitte’s global automotive consumer study.