Vietnam Car Registration Fee 2023: A Comprehensive Guide

Anh Tuan, owner of a construction material shop in Thanh Xuan District, Hanoi, recently purchased a brand new Hyundai Mighty 75S truck. Hearing that he had to spend a significant amount to bring it home, I, a long-time friend, inquired about the details. It turns out that besides the vehicle price, he also had to pay a hefty sum for the “car registration fee.” So, what exactly is this car registration fee? Let’s delve into the details in this article!

What is the Car Registration Fee?

The car registration fee is a sum of money that vehicle owners must pay to the competent state authorities when registering their vehicle for the first time. This fee applies to both passenger cars and trucks. Paying the registration fee is mandatory for legal participation in traffic.

Benefits of Paying the Registration Fee

• Receive a license plate and valid vehicle documents.
• Participate in traffic safely and confidently.
• Contribute to the development of the country’s transportation system and infrastructure.

Hyundai Mighty 75S Truck

Car Registration Fee Rates in Vietnam 2023

Note:

• The registration fee is calculated based on the vehicle value determined by the tax authorities.
• The fee may vary depending on the time and legal regulations.

Frequently Asked Questions about Car Registration Fees

1. Do I need to pay a registration fee for a used truck?

Answer: When buying a used truck, you do not need to pay the initial registration fee. However, you need to complete the transfer of ownership procedures to legally own the vehicle. You can refer to the article “Vehicle Registration Procedures for Used Cars” for more details.

2. Where can I pay the car registration fee?

Answer: You can pay the car registration fee at:

• The District/County Tax Department where you are registered as a permanent resident.
• Mobile fee collection points.
• Online via the General Department of Taxation’s electronic portal.

Paying car registration fee

How to Calculate the Car Registration Fee

To calculate the car registration fee, you can apply the following simple formula:

Registration Fee = Vehicle Value x Fee Rate (%)

Example: Anh Tuan bought a Hyundai Mighty 75S truck with a value of 500 million VND. The registration fee rate for trucks is 2%. Therefore, Anh Tuan has to pay the following registration fee:

500,000,000 x 2% = 10,000,000 VND

Tips for Saving on Car Registration Fees

• Thoroughly research the registration fee: Before deciding to buy a car, you should thoroughly research the registration fee applicable to your vehicle type and region.
• Consider buying a car at the end of the year: Typically, at the end of the year, car dealerships often have attractive promotions, including registration fee support.
• Choose a reputable car dealer: Reputable car dealerships often have services to assist customers with quick and convenient registration fee payment.