Car imports forecast to rise again as firms adjust to rules
The General Statistics Office of Vietnam (GSO) estimated that imports of completely built-up cars in April will likely jump in both volume and value compared to the previous month.
An auto production line at Thanh Cong Huyndai Auto Plant in Ninh Binh province's Gian Khau Zone. (Photo: VNA)
Hanoi (VNA) - The General Statistics Office of Vietnam (GSO) estimated thatimports of completely built-up cars in April will likely jump in both volumeand value compared to the previous month.
Imports have increased again after severalmonths of dropping as the Vietnamese Government issued Decree 116 in Octoberlast year, stipulating the conditions for production, assembly, import andbusiness of automobile warranty and maintenance services, which auto importersin Vietnam deem as obstacles, especially regulation required the Vehicle TypeApproval (VTA) Certificate to be issued by the exporting country.
The jump in imports indicates that importershave found ways to fully meet the requirements of Decree 116.
Under the ASEAN Free Trade Agreementcommitments, the import tax rate of cars from ASEAN countries became zeropercent in January this year. Under this policy, at least 40 percent of theparts used in each vehicle must be made in the country of origin.
After the approval by Vietnam’s Ministry ofTransport of the VTA certified by the governmentsof Thailand and Indonesia, businesses have started importing thefirst batches of cars with the tax rate of zero percent.
Insiders anticipated that Thai and Indonesiancars would enter the Vietnamese market on a large scale beginning in thisApril, triggering a surge in imported cars in the coming time.
This month witnessed the import of around 2,000vehicles of Honda Motors from Thailand after the company stopped carexports to Vietnam for more than a month. Car from other countries suchas Indonesia and Malaysia are also expected to soon come toVietnam.
Global automakers have been predicting thatimports from Thailand and Indonesia would flood the Vietnamese market after thetax fell to zero, taking some of the wind out of the sails of domesticmanufacturing and assembly, said auto expert Nguyen Minh Dong.
The GSO reported that about 5,000 cars worth 115million USD were imported to Vietnam in March, marking an increase of 25percent in volume and 8.2 percent in value as compared with February.-VNA
The price of domestic cars have soared since the beginning of this year due to the Government's adjustment of special consumption taxes on imported automobiles.
The Vietnam Automobile Manufacturers’ Association on October 10 reported that automobile sales in September drop 20 percent compared to the same period last year and 4 percent over the previous month.
Toyota Vietnam is one of the first firms to ask the Ministry of Industry and Trade to issue business certificates in accordance with new government Decree No 116/2017/ND-CP.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
An auto production line at Thanh Cong Huyndai Auto Plant in Ninh Binh province's Gian Khau Zone.
