Hanoi, July 6 -- The European Chamber of Commerce in Vietnam (EuroCham) proposed the Government to apply a 50 percent registration fee reduction to all automotive assembly firms , importers and dealers of new vehicles.

The proposal was part of recommendations at the EuroCham's 12th White Book publication, which was announced last week. It was issued after the Vietnamese Government recently decided to apply the 50 percent fee reduction for buyers of locally-manufactured and -assembled vehicles until the end of this year.

The cut aims to stimulate domestic consumption and remove difficulties for local production and business due to the impacts of the COVID-19 pandemic.

Currently, buyers of cars with less than nine seats in Vietnam are su...