Vietnam Car Prices: Your Ultimate Guide to Buying a Car

“Only those with good fortune buy a good car,” my friend Minh, the owner of a large truck dealership on Nguyen Van Linh Street in Long Bien District, told me when I visited his shop earlier this year. Indeed, choosing a car that satisfies your needs and budget is not easy, especially with the increasingly vibrant Vietnamese car market, featuring a diverse range of brands and models. So how do you get an accurate and up-to-date understanding of car prices in Vietnam? Let’s explore this topic in the article below!

I. Analysis of the Current Vietnamese Car Market

The Vietnamese car market is undergoing significant transformations, reflecting the country’s economic development and the increasing demand of consumers. While owning a car was once considered a luxury, it has now become a common means of transportation, even a necessity for many families.

1. Factors Affecting Car Prices in Vietnam

Car prices in Vietnam are determined by various factors, including:

• Brand: Famous car brands like Toyota, Honda, and Hyundai often have higher prices than domestic brands or those from China.
• Origin: Completely Built-Up (CBU) imported cars usually have higher prices than Completely Knocked Down (CKD) locally assembled cars due to higher taxes and fees.
• Segment: Car prices also depend on the target segment. Luxury and high-end cars will have higher prices than those in the popular segment.
• Equipment and Technology: Cars equipped with many modern conveniences and technologies will have higher prices.
• Tax and Fee Policies: Car prices in Vietnam are also affected by taxes and fees such as import tax, special consumption tax, and registration fees.

2. Latest Car Price List in Vietnam

Below is the latest car price list in Vietnam (for reference only, actual prices may vary depending on the time and distributor):

Note: The above price list is for reference only. Actual selling prices may vary depending on the time and distributor.

Vietnam Car Price Table

II. Golden Tips for Buying a Car

1. Define Your Needs and Financial Capacity

Before deciding to buy a car, you need to clearly define your needs. Do you need a car for commuting in the city or for frequent long trips? How many members are in your family? How much can you afford to spend on a car?

2. Thoroughly Research Car Information

After determining your needs and financial capabilities, take the time to thoroughly research the models you are interested in. You can refer to information on websites, car forums, or visit dealerships directly to see the cars and take test drives.

3. Choose a Reputable Dealer

Buying a car from a reputable dealer will give you peace of mind about the car’s quality as well as after-sales services.

4. Consider Feng Shui When Buying a Car

Many Vietnamese believe that choosing a car color and license plate that aligns with feng shui will bring luck and prosperity to the owner.

Example: According to many beliefs, people with the Metal element should choose cars with white, silver, or light yellow colors.

Feng Shui and Car Buying

5. Frequently Asked Questions When Buying a Car:

• What procedures are required to buy a car on installment?

  You need to prepare documents such as: Identity Card/Citizen Identity Card, household registration book, proof of income,…

• Which car insurance should I buy?

  You should buy car physical damage insurance, compulsory civil liability insurance, and consider buying other voluntary insurance such as passenger accident insurance,…