Vietnam Vehicle Registration Fee: A Comprehensive Guide

Mr. Tu, a famous boiled corn vendor on Hang Ma Street, always dreamed of trading his old cart for a small truck to transport his corn more easily. After saving for a long time, he finally had enough money to buy a truck. However, when he arrived at the Thaco Truong Chinh truck dealership with the money, he was taken aback: “Oh dear, what is this ‘vehicle registration fee’?”

Mr. Tu’s story reflects the confusion of many people when buying cars or trucks in Vietnam. So, what is the vehicle registration fee? How is it calculated accurately? This article will provide you with a comprehensive guide to the vehicle registration fee in Vietnam.

What is the Vehicle Registration Fee and Why Must It Be Paid?

The vehicle registration fee is a tax that motor vehicle owners must pay when registering their vehicle for the first time. Simply put, to legally own a vehicle, you need to pay this fee. The tax rate varies depending on the type of vehicle and locality.

Benefits of Understanding the Vehicle Registration Fee Calculation

• Financial Planning: You can accurately estimate the total cost of purchasing a vehicle.
• Avoid Overpaying: Understanding the regulations helps you avoid being overcharged when buying a vehicle.
• Faster Completion of Procedures: Ensures a smoother vehicle purchase and registration process.

Vehicle Registration Fee Table for 2023

Note:

• The tax rate may vary depending on local policies.
• The vehicle value is calculated based on the actual selling price at the time of purchase.

Frequently Asked Questions about Vehicle Registration Fees

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

Answer: Yes. However, the tax will be calculated based on the remaining value of the vehicle, not the original purchase price.

2. Where do I pay the vehicle registration fee?

Answer: You can pay directly at the regional Tax Department or online.

3. Can a truck registered in Hanoi be operated in other provinces?

Answer: Yes. However, you need to complete the vehicle registration transfer procedures.

How to Calculate the Vehicle Registration Fee

To calculate the vehicle registration fee, simply apply the following formula:

Registration Fee = Vehicle Value x Tax Rate

For example: Mr. Minh in Cau Giay district buys a Hyundai H100 truck for 500 million VND.

The registration fee Mr. Minh has to pay is: 500,000,000 x 2% = 10,000,000 VND.

Tips to Save on Vehicle Registration Fees

• Compare prices at multiple dealerships: Truck prices can vary between dealerships.
• Consider buying a used truck: Registration fees for used trucks are significantly lower than for new trucks.
• Look for promotional programs: Many dealerships and manufacturers often offer discounts and support for registration fees.

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Buying and Selling Trucks

Vehicle Registration Fee

Conclusion

Understanding the vehicle registration fee calculation is a prerequisite for easily and conveniently owning your dream vehicle. Be a smart consumer and equip yourself with sufficient knowledge before making a purchase!

Leave a comment below if you have any questions about the registration fee or need advice on truck models.