PM requests to complete decree on car registration fees in July
Prime Minister Pham Minh Chinh has requested the Ministry of Finance (MoF) to urgently study the impact, and to complete and propose to the Government a decree on registration fee collection rates for domestically-produced and assembled cars within this month.
The MoF proposes that the registration fees for domestically produced and assembled cars from August 1 this year to January 31 next year are equal to 50% of the rate prescribed in Decree No 10, 2022 of the Government. (Photo: taichinhdoanhnghiep.net.vn)
Hanoi (VNS/VNA) - Prime Minister Pham Minh Chinh has requested the Ministry of Finance (MoF) to urgently study the impact, and to complete and propose to the Government a decree on registration fee collection rates for domestically-produced and assembled cars within this month.
The PM has just signed off on key tasks and solutions to promote growth, control inflation and stabilise the macro-economy in July and the third quarter of this year.
In an official notice, the PM requested the MoF to effectively implement policies to extend tax payment deadlines, land use fees, reduce value-added tax rates as well as fees and charges that have been promulgated.
In the Government's draft decree on registration fee collection rates for domestically produced and assembled cars, the MoF proposed that the registration fees for domestically produced and assembled cars from August 1 this year to January 31 next year are equal to 50% of the rate prescribed in Decree No 10, 2022 of the Government.
The decree regulates registration fees and current resolutions and decisions of the people's councils and people's committees of provinces and centrally-run cities on local registration fee collection rates and documents amending, supplementing and replacing them (if any).
The registration fee collection rates will continue to comply with pr💞evious regulations from February 1 next year./.
Automobile electrification and the domination of Chinese automobile brands are forecast to become major trends of the automobile market of Vietnam in 2024, according to experts.
2023 was a challenging year for the Vietnamese automobile market as sales fell 25% year-on-year despite a 50% cut in the registration fee from July 1, according to the Vietnam Automobile Manufacturers Association (VAMA).
Vietnam’s Truong Hai Group Corporation (THACO) will unveil 9 models of passenger cars, 13 models of trucks and 6 models of buses, said Chairman of its Board of Directors Tran Ba Duong in his New Year message to employees.
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.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
