vietnam's automobile market

Update news vietnam's automobile market

Finance Ministry proposes lowering luxury tax for electric, hybrid vehicles

The Ministry of Finance (MOF) is working on an amendment to the Special Consumption Tax (luxury tax) Law to further slash tax rates on electric cars and hybrids.

Vietnam’s largest automobile distributor reports record high profit

Domestic auto distributors reported robust revenues and high profits in 2022 thanks to a significant increase in car sales.