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Subscription Plans

Subscribe to
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
Sunday, April 6, 2025

Finance Ministry rejects proposal to halve registration fee for new cars

Must read

HCMC – The Ministry of Finance has rejected a proposal by the Vietnam Automobile Manufacturers Association (VAMA) to halve the registration fee for new cars, saying the proposal is not feasible under the current situation.

VAMA had earlier suggested halving the registration fee for new cars to remove obstacles facing the auto market triggered by the Covid-19 pandemic.

According to the Ministry of Finance, the Government has issued many policies to ease the difficulties facing enterprises, organizations and household businesses, including those in the auto assembling and manufacturing sector. Specifically, the deadlines to pay taxes and land rents have been extended, while the registration fee for locally assembled or manufactured cars was halved until the end of last year.

The ministry will get updates on the performance of auto manufacturers and assemblers and the impact of the pandemic on them. It will also coordinate with the relevant ministries and agencies to propose appropriate policies to boost the development of the domestic auto sector.

In late June last year, the Government issued a decree to halve the registration fee for locally assembled or manufactured cars to support auto firms struggling with the Covid-19 pandemic and local buyers.

According to the Ministry of Finance, the policy resulted in a decline of VND6 trillion in the State budget revenue last year.

By Hoang Thang

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