Hanoi, May 22 -- Prime Minister Nguyen Xuan Phuc will cut 50 percent of registration fees for locally-manufactured and -assembled cars from now to the end of this year.

The cut will help customers save from tens of millions to hundreds of millions of dong, depending on the type of vehicle.

The decision was announced at a meeting held this week on the Government's draft resolution on tasks and solutions to continue solving difficulties for production and business, promoting disbursement of public investment capital and ensuring social safety in the context of the COVID-19 pandemic.

The registration fee reduction is one of the solutions proposed by the Ministry of Industry and Trade in order to help local businesses recover production an...