Vietnam’s 2019 Truck Policies: A New Era for Trucking?

“The year 2019 brought a wave of new policies for the trucking industry. Those in the business rejoiced, while buyers were left wondering which way to turn.” This common saying from Mr. Ba, a veteran truck dealer in Hanoi, piqued my curiosity. What did the new policies in 2019 really mean for this vibrant truck market?

1. The Big Picture: New Policies in 2019

In 2019, the Vietnamese government implemented several new policies aimed at boosting the transportation sector, including the trucking industry. These policies directly impacted the production, operation, and use of trucks.

1.1. Fee and Tax Reduction Policies

The government reduced various fees and taxes for trucks, such as registration fees and excise taxes. This helped lower initial investment costs, enabling businesses and individuals to purchase newer, more modern vehicles. According to Mr. Nguyen Van A, Director of ABC Transportation Company, this policy saved his company a significant amount of money, allowing them to invest in expanding their operations.

1.2. Emission Standards Policies

The implementation of Euro 4 emission standards for newly manufactured trucks was a significant step towards environmental protection. This policy required manufacturers to upgrade their technology and produce more eco-friendly trucks. “While this Vietnamese environmental policy posed initial challenges for businesses, it will ultimately benefit the entire community,” shared Mr. Le Van B, a truck owner in Cau Giay District.

Modern truck meeting Euro 4 emission standards

1.3. Transportation Management Policies

The government also tightened regulations on transportation activities, restricting overloaded and oversized vehicles to ensure road safety. This policy helped to improve the transportation market and create a fair competitive environment for businesses.

2. The Undercurrent: Opportunities and Challenges

The 2019 policies created an undercurrent of both opportunities and challenges for the trucking industry.

2.1. Golden Opportunities for Businesses

With reduced fees and taxes, businesses had the opportunity to invest in upgrading their trucks and enhancing their competitiveness. The truck market also became more dynamic with the introduction of new, modern trucks that met the diverse needs of customers.

Transportation company with a fleet of modern trucks

2.2. Significant Challenges

Businesses had to adapt to the new policies, from improving service quality to investing in technology and training personnel. “Challenges always come with opportunities. Businesses that grasp the trends and innovate promptly will be the winners,” remarked Mr. Tran Van C, an economic expert.

3. Conclusion: Making Smart Choices

The 2019 policies brought a “new wind” to the trucking industry. To maximize opportunities, businesses need to proactively learn, innovate, and adapt. “XE TẢI HÀ NỘI” is proud to be a partner with our customers, providing information, consultation, and support in choosing the most suitable trucks.

For assistance, please contact us by phone: 0968239999, Email: [email protected] Or visit our address: No. TT36 – CN9 Road, Tu Liem Industrial Zone, Phuong Canh Ward, Nam Tu Liem District, Hanoi. We have a 24/7 customer service team.