(VOVworld) – The Ministry of Industry and Trade has worked with the Ministry of Finance and the Vietnam Automobile Manufactures’ Association, VAMA, to develop policies and mechanisms to realize the Vietnam Automobile Development Strategy until 2025, with a vision to 2035.

Auto industry association calls for rethink on tax policy (Photo: Vietnam Economic Times)

Deputy Minister of Industry and Trade Tran Tuan Anh said “Vietnam has continued to boost its automobile industry to guarantee the ratio of locally-made components, customers, and market demand, and match Vietnam’s international commitments. The Ministry of Industry and Trade, the Ministry of Finance, VAMA, and related agencies have continued to build specific policies on export and import tariffs, and incentives for the mechanical and support industries, and automobile manufacturers.”