HCMC – The Vehicles Importers Vietnam Association (VIVA) has proposed the Government lower the registration fees for imported completely-built-up (CBU) cars.
According to VIVA, which groups importers of CBUs from Audi, Porsche, Aston Martin, Jeep, Volkswagen, Volvo, Jeep, Jaguar Land Rover, Ferrari, Subaru and Maserati, it is unfair when the registration fee cut applies only to locally assembled or manufactured cars, the local media reported.
Although an official decision on the registration fee cut for locally assembled or made autos has yet to come out, car importers believe the Government will continue halving the registration fee for locally assembled or manufactured autos to support local auto firms amid the Covid-19 pandemic.
According to VIVA, the pandemic has hit all auto trading, assembly and importing firms. Therefore, all firms should be given same incentives to prevent discrimination and help remove the difficulties plaguing the auto market.
Strict social distancing measures have forced CBU importers and distributors to suspend their operations. They have also suffered huge losses as vehicle registration offices have been closed temporarily, while they have had to continue to pay taxes, employees’ salaries and showroom and warehouse leasing costs.
They also had to follow the rules of foreign trends, which require high investment and operation costs, and employ some 3,000 laborers whose families depend on the firms’ operations.