Calculating Truck On-the-Road Costs in Vietnam: A Beginner’s Guide

Anh Tuan, a resident of Cau Giay district in Hanoi, had long dreamt of owning a truck for his business. After years of saving, he finally had enough money to purchase one. However, his joy was short-lived as he began to worry: “Buying a truck is hard, but maintaining it is even harder. Besides the purchase price, what other expenses will I have to bear?”

Anh Tuan’s concerns are shared by many when buying a vehicle, especially a truck. To address this question, let’s delve into a detailed calculation of on-the-road costs for trucks in Vietnam with XE TẢI HÀ NỘI.

What are On-the-Road Costs?

“On-the-road costs” refer to the total amount of money required to legally operate a vehicle on the road. This includes the purchase price, taxes, and mandatory fees.

Calculating On-the-Road Costs for Trucks

To calculate on-the-road costs, you need to determine the following expenses:

1. Vehicle Purchase Price

This is the amount you pay to buy the truck, including:

• MSRP (Manufacturer’s Suggested Retail Price): The price set by the manufacturer.
• Discounts and Promotions: Offered by dealerships (e.g., Hyundai Truong Chinh Truck Dealership).

2. Mandatory Taxes and Fees

• Registration Fee:

  • Trucks: 2% of the vehicle’s value.
  • Vehicles registered in Hanoi: 10% – 12% of the vehicle’s value.

• License Plate Fee:

  • Ho Chi Minh City & Hanoi: 20 million VND.
  • Other provinces: 1 million VND.

• Road Maintenance Fee: 130,000 – 1,560,000 VND/month (depending on vehicle type).

• Compulsory Third-Party Liability Insurance: Required for all vehicles.

• Vehicle Inspection Fee: Required periodically.

• Vehicle Registration Service Fee: Approximately 500,000 VND.

3. Other Costs (Optional)

• Accessories: Floor mats, window tinting, dashcams, etc.
• Comprehensive Car Insurance: Optional.

Example Calculation

Let’s say Anh Tuan wants to buy a Hyundai New Mighty 110SP 6T2 truck with an MSRP of 700 million VND at Hyundai Long Bien Truck Dealership and register it in Hanoi. The estimated on-the-road costs are as follows:

• Vehicle Price: 700 million VND
• Registration Fee (12%): 84 million VND
• License Plate Fee (Hanoi): 20 million VND
• Road Maintenance Fee (1 year): 1,560,000 VND
• Compulsory Third-Party Liability Insurance: 1 million VND
• Vehicle Inspection Fee: 340,000 VND
• Vehicle Registration Service Fee: 500,000 VND
• Accessories and Comprehensive Insurance: 20 million VND (estimated)

Total On-the-Road Cost: 827,400,000 VND

For better visualization, let’s look at the following example:

Hyundai New Mighty 110SP 6T2 Truck

You can also refer to our articles sharing experiences in buying trucks to make the most informed decision: