2023 Vietnam Pickup Truck Compulsory TNDS Insurance Fees

Anh Tuan, a construction material shop owner on Nguyen Trai Street, Ha Dong, just bought a brand new pickup truck. He was thrilled because transporting goods would be much more convenient. However, when learning about the vehicle registration procedures, he was quite concerned about the compulsory TNDS insurance fee. “I heard that pickup trucks now have the same insurance fees as cars, I don’t know if that’s true,” he wondered.

Anh Tuan’s story is also a concern for many people when buying a pickup truck. So what is the current compulsory TNDS insurance fee for pickup trucks? Let’s find out in detail with XE TẢI HÀ NỘI through the article below!

What is Compulsory TNDS Insurance for Pickup Trucks?

First, we need to understand what compulsory TNDS insurance is. This is a type of insurance that motor vehicle owners must purchase according to the law. When participating in insurance, if the vehicle unfortunately causes an accident, the insurance company will pay for the damage to people and property of the injured party.

For pickup trucks, previously TNDS insurance fees were calculated as trucks. However, from January 1, 2022, the Government issued Decree 120/2021/ND-CP, stipulating that pickup trucks will have to pay compulsory TNDS insurance fees like cars.

Latest Compulsory TNDS Insurance Fee Schedule for Pickup Trucks in 2023

According to Decree 120/2021/ND-CP and Circular 22/2022/TT-BTC, the current compulsory TNDS insurance fee for pickup trucks is as follows:

Vehicle Type: Passenger cars with less than 10 seats (including pickup trucks)

Note: The above fee does not include VAT and may vary depending on the insurance company.

Benefits of Purchasing Compulsory TNDS Insurance for Pickup Trucks

• Protect your rights: Gives you peace of mind while driving, without having to worry about financial risks in case of an accident.
• Fulfill your obligations: Buying TNDS insurance is the responsibility of every vehicle owner according to the law.
• Enjoy many offers: Insurance companies often have many attractive offers for customers who purchase TNDS insurance.

Notes When Buying Compulsory TNDS Insurance for Pickup Trucks

• Choose a reputable insurance company: Carefully research information about insurance companies before deciding to buy.
• Understand the terms: Read the insurance contract carefully, especially the clauses on exclusion of liability.
• Keep the contract carefully: The insurance contract is the basis for you to be compensated in case of an incident.

Frequently Asked Questions about Compulsory TNDS Insurance Fees for Pickup Trucks

Do old pickup trucks have to pay fees at the new rate?

Yes. All pickup trucks, old or new, must apply the TNDS insurance fee according to Decree 120/2021/ND-CP.

Where to buy compulsory TNDS insurance?

You can buy compulsory TNDS insurance at insurance companies or authorized agents nationwide.

Is the procedure for buying compulsory TNDS insurance complicated?

The procedure for buying insurance is quite simple. You only need to provide the vehicle papers and ID card/CCCD to the consultant.

Buy Prestigious, Quality Pickup Trucks at XE TẢI HÀ NỘI

If you are in need of buying a pickup truck, come to XE TẢI HÀ NỘI – the address providing leading prestigious trucks and pickup trucks in Hanoi.

We are committed to:

• Providing genuine vehicles with guaranteed quality.
• Competitive prices, many attractive offers.
• Supporting installment payments with low interest rates, quick procedures.

Please contact XE TẢI HÀ NỘI immediately for advice and to own your favorite car!

Address: No. … street …, ward …, district …, Hanoi.

Hotline: …

Website: xetaihanoi.edu.vn

In addition to pickup trucks, we also provide a variety of other trucks such as: vans, box trucks, dump trucks,…

DongVang pickup truck carrying goods

Driving a pickup truck on the streets of Hanoi

Conclusion

Hopefully, this article has provided you with useful information about the compulsory TNDS insurance fee for pickup trucks. Be a wise car owner, choose the right insurance package to protect your own interests and contribute to building safe traffic.

XE TẢI HÀ NỘI is always ready to accompany you on every road!