Ministries opt against used-car quotas (03-03-2006) With the authorised import of used cars yet to come, many cars with foreign license plates are already seen on Viet Nam roads. The trade ministry will regulate import of second-hand cars through tax rates and technical criteria, instead of quotas. — VNA/VNS Photo HA NOI — The ministries of trade and finance, and the registration department early this week ruled out the use of quotas to control the import of second-hand cars, expected to be relaxed in May. Deputy Trade Minister, Phan The Rue, said that the trade ministry would not impose any import quota whatsoever, and relevant ministries were still working on an appropriate import tariff to ensure a competitive price for used cars. Clearly the ministry’s view was to regulate import through tax rates and technical criteria, Rue said. He added that Decree 12 on the import of used cars was very detailed, and it was unnecessary to issue a guiding document for … [Read more...] about Ministries opt against used-car quotas
Collection used cars
High tariffs slam brakes on imports of used cars (04-07-2006) Used cars may now be imported into Viet Nam, but the General Department of Customs said that since the import ban was lifted, auto importers have only brought in about 40 cars. — VNA/VNS Photo HA NOI — About 40 used cars have been imported since the Government lifted a ban last May 1, according a report from the General Department of Customs. Some industry watchers attributed the small number of used car imports over the past two months to the prudent attitude of auto importers seeking to gauge the market before importing in greater numbers. "That is considered an exploratory action by domestic auto importers," said Nguyen Van Can, deputy head of the customs department’s tax collection inspection division. "But I think more used cars will be imported in the near future." Auto traders were more forthright in attributing the low number of imports to high import tariffs levied on automobiles. "It … [Read more...] about High tariffs slam brakes on imports of used cars
Viet Nam News HÀ NỘI - The Ministry of Industry and Trade (MoIT) said it would abrogate its circular on procedures for importers of passenger cars with nine seats or less, as soon as the Ministry of Transport issues regulations with similar effect for road vehicles. The MoIT made the suggestion in a report sent to Prime Minister Nguyễn Xuân Phúc last week, after collecting official opinions about Circular No 20/2011/TT-BTC, which has reportedly discouraged many car importers since it took effect on June 26, 2011. The circular states that importers of unused cars with nine seats or less, besides performing current import procedures, must be designated or authorised by official carmakers or dealers as their distributors in Việt Nam. It also requires the importers to obtain certificates proving adequate qualifications for car guarantee and maintenance, from the transport ministry. The MoIT said it issued the circular to deal with "an unreasonable situation": global carmakers … [Read more...] about MoIT won’t abolish car import circular yet
VietNamNet Bridge – Super cars by well known brands have appeared in Vietnam, from Lamborghini, Rolls Royce to Bentley, Porche and Audi. However, it may be a surprise to manufacturers and many other people that Vietnamese businessmen do not want others to know about their cars, which they buy not for use, but for their collections. Big changes to car market after April 1 Auto market stalls, needs kick-start Car price war started by local manufacturers Nguyen Quoc Cuong, Deputy General Director of Quoc Cuong Gia Lai Corporation, has frequently appeared on newspapers these days, both on domestic and foreign, not because he is a manager of a big company which lists its shares on the bourse, but because he is the owner of an impressive collection of cars. However, the businessman does not seem too pleased about being known for his car collection Cuong, when giving an interview to local press, said: “Everyone has their own pleasures or … [Read more...] about What do VIPs use super cars for?
HCM CITY – The proposal by the Innovative Technology Development (ITD) Corporation to build tollbooths around the HCM City centre has been met with criticism from experts working in various fields. The original plan called for tolls to be collected from 6am-9am and 4pm-7pm, with charges of VNĐ40,000 (US$1.7) for private cars, VNĐ30,000 for taxis, and VNĐ50,000 for trucks. The plan was expected to encourage use of public transport such as buses and metro lines (now undergoing construction) to relieve traffic congestion in central HCM City. The city’s People’s Committee, which approved the proposal in April, planned to begin construction of 36 automatic tollbooths next year, but is now reconsidering the plan. Dr Phạm Sanh, a transport specialist, was quoted as saying in Người Lao Động (The Labourer) newspaper that while some countries charged tolls for entering city centres, HCM City was a different case because of … [Read more...] about Experts question use of tollbooths to ease traffic congestion