The Government’s bold moves, such as the recent auto registration fee cut and the deadline extension for special consumption tax, are expected to provide a much-needed boost for the automotive industry’s recovery in the second half of the year. Demand wanes Cars are considered non-essential consumer goods, so their sales are greatly influenced by the overall macroeconomic conditions and consumer demand. When the economy hits stumbling blocks and people’s incomes decline, the demand for cars would be certainly affected. According to the Vietnam Automobile Manufacturers’ Association (VAMA), car sales in […]
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