Imported cars also 'demand' 50% reduction in registration fee

VIVA's proposal was made just a few days after the Vietnam Automobile Manufacturers Association ( VAMA ), the Vietnam Mechanical Industry Association (VAMI) and several localities with automobile manufacturing plants jointly proposed that the Government have a policy to support continued extension of special consumption tax payment and a 50% reduction in registration fees for domestically produced and assembled automobiles. Believing that the policy of supporting 50% of registration fees for domestically assembled cars is discriminatory, representatives of 12 authorized car importers in Vietnam (VIVA) have just sent a document to the Ministry of Industry and Trade , the Ministry of Finance and the Government Office on the proposal to provide incentives for car registration fees in 2023. The document signed by Mr. Laurent Genet, General Director of the Official Audi Importer in Vietnam, representative of Vietnam Car Importers (VIVA), said that, implementing Resolution No. 31/NQ-CP of the Government to solve pressing problems in the automobile industry, the Ministry of Finance was assigned to coordinate with the Ministry of Industry and Trade and relevant agencies to study the policy of extending the deadline for paying special consumption tax, preferential tax rates, incentives including registration fees for domestically manufactured and assembled cars (CKD) proposed by the Ministry of Industry and Trade, and report to the Prime Minister before March 20, 2023. Regarding this policy, VIVA member enterprises (including Audi, Bentley, Ferrari, Jaguar & Land Rover, Maserati, Morgan & Brabus, Porsche, Subaru, Volkswagen and Volvo) said that the sales of both domestically assembled and imported cars are under serious pressure. Therefore, the Vietnamese Government needs to have similar and fair support solutions because the entire market of both car origins is also heavily affected. VIVA believes that the management agency needs to have a fair support solution between imported and domestically assembled cars. VIVA also expressed its opinion, supporting a 50% reduction in registration fees, but only in the case of a reduction for both types of cars (imported and domestically produced and assembled). It is known that domestically produced cars have had their fees reduced by 50% twice in the past three years, while imported cars are not entitled to this policy.

Vu Tung