How Many Cars Can One Person Own in Vietnam?

Mr. Ba Mười, a familiar rice truck driver at Long Bien wholesale market, often shares his secret of “feng shui trucks.” He says that trucks, like houses, must be “compatible with the owner” to be “lucky” and prosperous. But is owning many trucks the key to prosperity? How many cars can one person legally own? This article will provide a detailed answer!

Number of Cars One Person Can Own: Unlimited!

Under current Vietnamese law, there is no limit to the number of cars a person can own.

You can own one, two, three… or even a whole fleet of trucks, as long as you meet the following conditions:

• Proof of Financial Resources: When buying a car, you need to prove your financial capacity to ensure the transaction is legal.
• Fulfillment of Tax Obligations: Each vehicle must pay taxes and fees as prescribed, such as registration fees and road maintenance fees.

Important Note:

Although there is no limit to the number of cars you can own, managing multiple vehicles simultaneously can be challenging. Mr. Nam Thanh, a financial consultant in Hanoi, shares: “Owning many cars means you have greater responsibilities for maintenance, repairs, legal documents, etc.”

Frequently Asked Questions:

1. Can I register a car under someone else’s name?

Yes, registering a car under someone else’s name is perfectly legal. However, there must be a gift or sales contract to clearly define ownership.

2. Can foreigners own cars in Vietnam?

Yes, foreigners living and working legally in Vietnam have the right to own cars.

3. What is the car transfer procedure?

The car transfer procedure is quite simple; you can refer to the website of the Vietnam Register or contact car transfer support services in districts such as Hoan Kiem, Cau Giay, etc.

“Feng Shui” – The Spiritual Element in Choosing a Truck:

Returning to Mr. Ba Mười’s story, although there is no limit to the number of vehicles he can own, he remains loyal to the old truck that has been with him for nearly 10 years. He says the truck with the “four of a kind” license plate has been reviewed by a feng shui master and is “compatible with his destiny,” bringing him good luck on every trip.

Feng Shui Truck

While science has not proven it, the belief in feng shui is deeply ingrained in the subconscious of many Vietnamese people. Choosing a beautiful license plate, a car color that matches one’s destiny, etc., is considered a way to “attract fortune and luck,” helping business go smoothly.

Learn More About Trucks at Xe Tai Ha Noi:

If you are looking for a truck that is “feng shui compatible,” “affordable,” and meets all your transportation needs, visit Xe Tai Ha Noi – A reputable address providing a wide range of trucks from famous brands such as Hyundai, Hino, Isuzu,…

Trucks in Hanoi

We have branches in many districts in Hanoi such as:

• Cau Giay District: No. … Xuan Thuy Street,…
• Long Bien District: No. …, Ngo Gia Tu Street,…
• Thanh Tri District: No. …, Ngoc Hoi Street,…

In addition, Xe Tai Ha Noi also provides consulting services to choose the right vehicle for your needs, supporting installment payments with preferential interest rates.

Conclusion:

Owning how many cars is a personal decision, depending on needs and financial capabilities. Be a smart consumer, research information carefully, and choose a reputable service provider like Xe Tai Ha Noi to own the most satisfactory vehicle!