Some 21,942 cars were sold in April this year, a drop of 18 percent over the previous month, according to the Vietnam Automobile Manufacturers’ Association.
Hanoi (VNA) – Some 21,942cars were sold in April this year, a drop of 18 percent over the previousmonth, according to the Vietnam Automobile Manufacturers’ Association.
During the month, sales ofcommercial vehicles rose 15 percent to reach 9,562 vehicles, while sales of specialisedvehicles fell 6 percent from March to 1,675 units and tourist vehicle salesplummeted 36 percent to 10,70 units.
In the first four months of 2017,total automobile sales were 86,671 vehicles, a rise of 1 percent year-on-year. Salesof tourist vehicles increased 10 percent, while that of commercial and specialisedcars fell 8 percent and 18 percent, respectively.
While the domestic assembled carssegment saw a fall of 5 percent in sales to 62,767 vehicles, imported car salesshot up 24 percent year-on-year to 23,904 units.
According to automobile traders,the slump in sales is understandable as customers are expecting cheaper cars in2018 when tax for some imported cars falls to zero percent.-VNA
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Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
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Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
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Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
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A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative Image (Source: VNA) 
