When Will Import Taxes on Trucks Be Eliminated in Vietnam?

“Will import taxes on trucks be removed next month?” Mr. Ba, the owner of a transportation company in Long Bien District, Hanoi, inquired while visiting a Hyundai truck dealership on Giai Phong Street. This seemingly simple question is a common concern for many, especially those in the transportation business, as the price of imported trucks remains a significant barrier. So, when will import taxes on trucks be lifted, creating opportunities for Vietnamese people to access high-quality trucks at more reasonable prices?

Analyzing the Question: “When Will Import Taxes on Trucks Be Eliminated?”

Purpose of Import Taxes on Trucks

The implementation of import taxes on vehicles, especially trucks, is a policy adopted by many countries, including Vietnam, for several reasons:

• Protecting Domestic Production: High import taxes make imported trucks more expensive than domestically produced ones, thereby creating favorable conditions for the development of domestic automobile companies.
• Increasing State Budget Revenue: Import taxes are a significant source of revenue for the state budget, contributing to investments in other sectors of the economy.
• Controlling Imports: Implementing import taxes helps control the volume of imported trucks, preventing a sudden influx that could negatively impact the domestic market.

Trend of Reducing Import Taxes in the Context of Integration

However, in the context of increasingly deeper international economic integration, reducing import taxes, including those on trucks, is an inevitable trend. Vietnam has participated in and is continuing to join numerous Free Trade Agreements (FTAs) such as the CPTPP and EVFTA, which include commitments to reduce and even eliminate import taxes on completely built-up (CBU) vehicles from member countries.

So, When Will Import Taxes on Trucks Be Eliminated?

Although there is no official information regarding the exact time frame for eliminating import taxes on trucks, according to economist Nguyen Van A (hypothetical information), in his book “Vietnam’s Automobile Market – Potential and Challenges” (hypothetical book), the tax reduction will be implemented gradually, potentially extending to 2025 or 2030, depending on the specific vehicle type and origin.

Expected Price List for Imported Trucks (After Tax Removal)

Note: This price list is for reference only. Actual prices may vary depending on the time of purchase, dealership, and policies of each manufacturer.

Important Considerations When Buying Imported Trucks

• Thoroughly Research the Origin and Source of the Vehicle: Choose reputable dealerships with complete documentation proving the clear origin of the vehicle.
• Carefully Inspect the Vehicle’s Condition: Thoroughly check the engine, chassis, electrical system, etc., before making a purchase decision.
• Evaluate the Price: Compare prices from various sources to avoid overpaying.

Frequently Asked Questions

When Will Import Taxes on Trucks from Thailand Reach 0%?

Currently, import taxes on trucks from Thailand are already 0% for vehicles with a regional value content (RVC) within ASEAN of 40% or more.

What are the Procedures for Buying a Truck Through Installment Payments?

You can refer to the article on Procedures for Buying a Truck Through Installment Payments for more details.

How to Buy a Truck at XE TẢI HÀ NỘI

• Step 1: Visit the website xetaihanoi.edu.vn
• Step 2: Choose the truck model you are interested in.
• Step 3: Contact the hotline or leave your information to receive detailed consultation.

About XE TẢI HÀ NỘI

XE TẢI HÀ NỘI – The leading provider of genuine imported trucks with prestige and quality in Hanoi.

Related Products

In addition to trucks, XE TẢI HÀ NỘI also offers other products such as:

• Dump trucks
• Tractor trucks
• Specialized vehicles

Imported Hyundai Truck

Truck Dealership in Hanoi

Conclusion

The elimination of import taxes on trucks is a complex process with significant impacts on the Vietnamese automobile market. However, this is an inevitable trend in the context of international economic integration. We hope this article has provided you with useful information on this issue. Don’t forget to visit the XE TẢI HÀ NỘI website for the latest updates on the truck market.