Vietnam: No reduction charge more for car taxes

Vietnam automobile industry: The Vietnam Ministry of Finance (VMF) has issued to answer the proposals to remove the difficulties of the Vietnam Automobile Manufacturers Association (VAMA). Accordingly, on the basis of the proposal, the VMF has proposed and has been approved by the Vietnam Government to reduce the registration fee for cars with less than 10 seats in first registered at 10% (localities can adjusted within a band of 50%). Fees for vehicle registration from the 2^nd none to reduce from 12 percent to 2 percent and will be applied uniformly overall in Vietnam.