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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
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Ho Chi Minh City
Saturday, July 12, 2025

Excise tax payment extension proposed for locally-made cars

The Saigon Times

Must read

HCMC – The Ministry of Finance has proposed extending the deadline for excise tax payments for domestically manufactured or assembled automobiles, amounting to VND8,560 billion.

In a draft Government decree, the Ministry of Finance proposed a deferred payment of special consumption tax (SCT) arising from the tax periods of June, July, August, and September this year for domestically manufactured or assembled cars. The payments should be made no later than November 20 this year.

According to the ministry, the tax payment deferral aligns with Government Decree 36/2023. As of May 2, 2024, a total of 14 enterprises have requested a deferment of excise tax payment, totaling VND8,082 billion. This amount has been fully paid into the state budget.

In the first three months of this year, 14 businesses have requested deferment of excise tax payments with a total amount of VND5,186 billion. So far, VND5,043 billion has been paid, with VND142 billion still outstanding.

The ministry emphasized the necessity to support domestic automobile manufacturing and assembly businesses, as the initiative is expected to ease pressure on these businesses amid the negative impacts of economic uncertainties and global geopolitical conflicts on the automotive industry.

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