Hanoi, July 8 -- After the Government's move to lower car registration fees by half took effect more than a week ago, the domestic car market has picked up.

Prime Minister Nguyen Xuan Phuc decided to cut 50 percent of registration fees for locally-manufactured and assembled cars till the end of this year. The reduction was proposed by the Ministry of Industry and Trade to help local businesses recover production and trade as well as stimulating consumption of cars.

Cars currently have a registration fee of 12 percent of the car value in Hanoi, and 10 percent in other cities and provinces nationwide.

Auto dealers said the number of car buyers had increased by some 20 percent.

In the Vietnamese automobile market, locally-assembled cars ...