Hanoi Truck Import Tax Guide: What You Need to Know

The Long Bien Market bustles in the early morning with the rumble of trucks. Mr. Tuan, known as the “Truck King” with his impressive fleet of Hino and Hyundai trucks, sips his iced tea. Watching imported trucks pass by, he muses, “I heard that import taxes on auto parts have decreased. I wonder how that will affect truck prices?”.

This article will answer Mr. Tuan’s question and provide a detailed look at import taxes on auto parts, specifically for trucks.

What are Auto Part Import Taxes?

Auto part import taxes are levies that businesses must pay when importing parts and components for vehicle assembly, including trucks. The tax rate depends on the type of part, its origin, and Vietnam’s tax policies.

How Import Taxes Affect Truck Prices

• Reduced Costs: When import taxes on parts decrease, truck production costs also decrease, potentially leading to lower sale prices.
• Increased Competitiveness: Tax reductions help domestic assembly plants compete more effectively with fully imported trucks.
• Boost to Supporting Industries: Lower import taxes encourage domestic companies to manufacture parts, contributing to the development of supporting industries.

Reference Price Table for Some Imported Truck Parts (USD)

Note: This table is for reference only. Specific tax rates may vary depending on current government policies.

Important Considerations When Importing Auto Parts

• Origin: Carefully verify the origin of parts to ensure quality and eligibility for tax incentives (if any).
• Customs Procedures: Comply with all customs regulations and procedures when importing parts.
• Reliable Suppliers: Choose reputable suppliers with quality parts to avoid risks.

Truck engine

Frequently Asked Questions

1. Do auto part import taxes apply to used trucks?

• According to current regulations, import taxes on auto parts only apply to new, unused trucks.

2. How can I look up the import tax policy for auto parts?

• You can find information on the Ministry of Finance website or contact customs authorities for specific advice.

3. How does the reduction in auto part import taxes affect consumers?

• Consumers may benefit from lower truck prices and have more choices in terms of models and types of vehicles.

Where to Buy Trucks in Hanoi?

Are you looking for a quality truck at a reasonable price? Come to XE TẢI HÀ NỘI, a trusted address for everyone. We offer a wide range of trucks from famous brands such as Hino, Hyundai, Isuzu,… with attractive warranty and after-sales policies.

Visit our showrooms at:

• XE TẢI HÀ NỘI – Cau Giay Branch: No. 10, Xuan Thuy Street, Cau Giay District, Hanoi.
• XE TẢI HÀ NỘI – Long Bien Branch: No. 5, Nguyen Van Linh Street, Long Bien District, Hanoi.

Related Products

In addition to trucks, XE TẢI HÀ NỘI also offers the following products:

• Dump trucks
• Tractor trucks
• Specialized vehicles

Hino truck

Conclusion

Understanding auto part import taxes will give you an overview of the truck market, helping you make informed purchasing decisions that align with your needs and budget. Contact XE TẢI HÀ NỘI today for advice and to own your dream truck.

Learn More:

• Reduction of auto part import taxes
• Will car prices decrease at the end of 2019?

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