Topic: automobile

According to the latest draft strategy submitted by the Ministry of Industry and Trade, out of the 1 million cars to be sold in Vietnam in 2030, around 350,000 units will be electric, hybrid, and solar-powered vehicles.

These are all important industries that can act as new growth drivers, PM said in address to WEF.

Plant in northern province to have investment of $800 million and begin production in late 2025.

An estimated $464mln in special consumption tax payments subject to extension proposed by finance ministry.

Fee reduction expected to boost automobile sales.

Renewed licensing would help prevent disruptions to supply chains.

Many people unable to have vehicles inspected due to overloading at registration centers.

Centers in Hanoi and HCMC meeting just 40-50% of demand.

The Indian automotive industry is looking forward to active cooperation with Vietnam’s automotive sector, Mr Yuvraj Kapuria, Chairman - YBLF and Vice President - The Hi-Tech Gears Ltd, told VET.