Vietnam's used car market comes under pressure


A used car dealer in Nguyễn Văn Cừ street. — VNS Photo Đoàn Tùng

HANOI: The local used car market has witnessed bleak conditions since the government allowed domestically manufactured and assembled automobiles to enjoy a 50% cut in registration fees from July 1 to Dec 31, 2023, according to local business owners.

On June 28, the government issued a decree cutting registration fees for cars, trailers or semi-trailers pulled by cars.

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