A number of new regulations and policies related to the automobile industry will take effect from October, such as abolishing documents regulating the method of determining the localization rate for automobiles and increasing car registration fees.

A delegation of 25 leading businesses from the Automotive Component Manufacturers Association of India (ACMA) is visiting Vietnam to explore investment, trade, and business opportunities. With interest from investors in the world’s second-most populous country, FDI into Vietnam’s auto industry is expected to increase significantly.