The policy of supporting 50% of the registration fee is expected to help revive the Vietnamese auto market, which is relatively gloomy compared to 2022. Photo: Minh Hoang.
On June 7, the Government Office issued a written notice of the direction of Deputy Prime Minister Le Minh Khai to the Minister of Finance and the Minister of Justice on the level of registration fee collection for domestically manufactured and assembled cars. .
Accordingly, the Deputy Prime Minister requested the Ministry of Finance to assume the prime responsibility for, and coordinate with relevant agencies in, expeditiously developing a draft Government Decree on registration fee rates for domestically manufactured and assembled cars. towards a 50% reduction and apply from July 1 to the end of the year. Submit to the Government before June 7.
"The Ministry of Justice shall promptly appraise the above draft decree as soon as it receives a complete dossier from the Ministry of Finance, ensuring the deadline for submission to the Government before June 15.", the text states.
The above ministries are responsible to the Government and the Prime Minister for the quality and progress of the performance of their assigned tasks, ensuring that they are on time, without delay.
Previously, the Vietnam Association of Automobile Manufacturers (VAMA), the Vietnam Association of Mechanical Enterprises (VAMI), the People's Committee of Quang Nam Province and the People's Committee of Ninh Binh Province have sent documents to the Prime Minister, the Ministries of Industry and Trade. Finance and related agencies, including proposals and policy proposals to support socio-economic recovery and development in 2023.
Accordingly, these agencies propose to the Government to extend the payment of excise tax for automobile manufacturing and assembling enterprises this year, and at the same time propose to continue the policy of reducing 50% of registration fees for automobiles. with the group of cars manufactured and assembled in the country.
Not long after that, the Vietnam Automobile Importers Association (VIVA) also submitted an application to the National Assembly of Vietnam, the Ministry of Industry and Trade, the Ministry of Finance and the Government Office on a proposal to propose preferential registration fee for the Vietnamese automobile industry. with imported cars.
According to the report of VAMA, the whole Vietnamese market has consumed a total of 92.801 cars of all kinds after the first 4 months of the year, down 30% compared to the same period in 2022. Sales of domestically assembled cars reached 50.017 vehicles, down 39% compared to the same period last year. The sales of imported cars in Vietnam market were also 16% lower than in the first 4 months of 2022 and only reached 42.784 when the first month of the second quarter ended.
The weakening purchasing power of the market is said to be part of the reason why domestic auto production as well as CBU imports from abroad have been affected in recent months.
(Source: Zing News)
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