Vietnam Truck Purchase Guide: Current Tax and Buying Tips

Anh Tuan, a small grocery store owner in Hanoi’s Old Quarter, dreams of owning a small truck to ease his deliveries. Rumors of a 2021 tax break on vehicles had him excited, potentially saving him millions of Vietnamese Dong. However, uncertain about the current situation, he hesitates to borrow money and purchase a Hyundai Porter 1-ton truck.

Is There a Truck Tax Break in Vietnam in 2022?

The Vietnamese auto market fluctuated significantly in 2021 due to the Covid-19 pandemic. To stimulate consumer spending, the government introduced several support policies, including a 50% reduction in registration fees for domestically manufactured and assembled vehicles. However, this policy expired on December 31, 2021.

Therefore, there is currently no tax break for purchasing trucks in Vietnam.

Factors Affecting Truck Registration Fees in Vietnam

The registration fee for a truck depends on several factors:

• Vehicle Type: Truck, dump truck, tractor-trailer…
• Origin: Domestically produced or imported
• Engine Displacement: Larger engines incur higher fees.
• Registration Location: Fees in Hanoi and Ho Chi Minh City are generally higher than in other provinces.

For example, if Anh Tuan buys a domestically produced Hyundai Porter 1-ton truck and registers it in Hanoi, the registration fee will be 2% of the vehicle’s value.

A white Hyundai Porter truck parked on a street.

Tips for Buying a Truck in Vietnam

• Choose a Reputable Dealer: Select a trusted dealer like Ô Tô Thái Phong on Nguyen Van Linh Street, Long Bien District, Hanoi, for quality vehicles and after-sales service.
• Thoroughly Inspect the Vehicle: Before accepting delivery, inspect the exterior, interior, engine, and take a test drive.
• Understand the Policies: Research warranty, maintenance policies, and dealer promotions.

A modern truck showroom with various models on display.

Frequently Asked Questions

Q: What procedures are required to buy a truck with financing?

A: Required documents include: National ID card/Citizen Identity Card, Household Registration Book, Proof of Income, etc.

Q: Which truck is suitable for small businesses?

A: Light trucks like the Hyundai Porter, Thaco Towner, and Suzuki Carry Truck are suitable for small business needs.

Q: Should I buy a used truck?

A: Buying a used truck can save money but carries risks regarding vehicle quality. Carefully consider and thoroughly inspect the truck before purchasing.

How to Buy a Truck at Ô Tô Thái Phong

To purchase a truck at Ô Tô Thái Phong, you can:

• Call the hotline: 0987.654.321
• Visit the showroom at: No. 1 Nguyen Van Linh, Long Bien, Hanoi
• Visit the website: https://xetaihanoi.edu.vn/

Similar Truck Models

Besides the Hyundai Porter, Ô Tô Thái Phong also distributes other truck models such as:

• Thaco Towner 990kg
• Isuzu QKR 270
• Hino XZU720

Conclusion

While the 2021 truck tax break has ended, owning a truck remains a sound investment for your business. Contact Ô Tô Thái Phong today for consultation and to choose the most suitable truck for your needs!