Vietnam car market reacts to end of fee reduction policy

A file photo of workers walking past finished cars at the assembly plant of VinFast, Vietnam's first homegrown car manufacturer, in Haiphong. - AFP

HANOI: The domestic automobile market has already experienced mixed results after the expiration of the 50% registration fee reduction policy on Jan 1, 2024.

The end of the policy has hit both domestically assembled vehicles and imported cars, according to industry insiders.