
The test drive allows owners to assemble and customize the car's appearance themselves.
For over 340 million VND, users can own a set of components to transform their Mazda MX-5 into a distinctive, classic-style convertible.

For over 340 million VND, users can own a set of components to transform their Mazda MX-5 into a distinctive, classic-style convertible.

The Ministry of Finance has proposed allowing domestic automobile manufacturers and assemblers to defer payment of excise tax for five months.

In March, the number of cars with fewer than nine seats imported into Vietnam surged; however, VAMA believes that car manufacturers are still facing difficulties and is requesting further simplification of procedures.

Starting today (January 1, 2018), a series of new regulations related to automobiles will officially come into effect.

While members of the Vietnam Automobile Manufacturers Association (VAMA) submitted petitions to the Government and relevant ministries requesting the removal of obstacles, arguing that Decree 116 contains strict regulations, many domestic businesses support it.

With many reputable car manufacturers in Vietnam reducing prices by nearly 300 million VND per vehicle in just over a year, consumers believe these businesses have reaped huge profits at the expense of Vietnamese people's hard work and sacrifices over the past few decades.

After nearly a quarter of a century under protection, Vietnam's automotive industry remains stagnant, with low localization rates, small-scale production, and product quality that does not match the price.

Local budgets decreased by trillions of dong in the first six months of the year due to difficulties faced by domestic automobile manufacturing and assembly businesses.

Domestic automobile manufacturers are committed to taking the lead in lowering prices to compete with imported vehicles. By 2018, the prices of domestically produced and assembled cars will be highly competitive.

Foreign investors have seen business opportunities in the automotive trade from Vietnam's growing consumer market, so billions of USD have been poured into developing car dealership networks in 2016, instead of manufacturing and assembling as before.

Toyota can pocket at least 388 billion VND in profit each month from manufacturing and assembling cars for Vietnamese consumers.

Domestic automobile manufacturers, especially truck manufacturers, are facing a difficult situation as most incentives favor completely imported vehicles.