31 C
Ho Chi Minh City
Thursday, December 2, 2021

Lower registration fee sought for imported CBUs

The Saigon Times

Must read

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.

More articles

1 COMMENT

  1. If Foreign car manufacturers want lowered import duties and taxes let them BUILD THEM IN VIETNAM! This is the purpose of higher government fees, we can use the employment.

    A secondary factor is where are all these cars going to be parked either during the day or at night? On the sidewalks? Unlike many countries, buildings aren’t required to building parking spots within new construction sufficient to house all these new cars.

    Cars are a luxury item, in the main, whereas motorcycles are an essential element in daily life in VietNam. And why are giant SUV’s needed in either Ho Chi Minh or Ha Noi – a total waste of road real estate. Motorcycles occupy far less space than a car and far more suited for two wheeled transport.

    Presently Nguyen Van Linh is being widened to what appears to be 10 to 12 lanes, presumably to accommodate the the present back-ups of 4-wheeled vehicles that occurs every weekday afternoon.

    Let the members Vehicles Importers Vietnam Association who are responsible for clogging the roads with Audi, Porsche, Aston Martin, Jeep, Volkswagen, Volvo, Jeep, Jaguar Land Rover, Ferrari, Subaru and Maserati pay their fare share – VietNam doesn’t really need them.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Latest articles