Hanoi Truck Registration Fees: A Comprehensive Guide

Anh Tuan, a construction material shop owner on Le Van Luong Street, Ha Dong, Hanoi, has long dreamed of owning a Hyundai New Porter 150 truck to facilitate goods transportation. After a long period of saving, Anh Tuan is delighted that his dream is about to come true. However, while researching the purchase procedures, he’s confused about vehicle registration fees.

“What are vehicle registration fees? How are they calculated? How much do I have to pay in Hanoi?” These questions left Anh Tuan worried.

If you have the same questions as Anh Tuan, let XETAIHANOI.EDU.VN guide you through the details of vehicle registration fees in the article below!

What are Vehicle Registration Fees? Why Pay Them?

Vehicle registration fees are a mandatory tax that owners of motor vehicles must pay when registering their vehicle for the first time in Vietnam. Paying this fee is a civic duty and contributes to the government’s revenue for developing transportation infrastructure.

How are Vehicle Registration Fees Calculated?

The formula for calculating vehicle registration fees is quite simple:

Registration Fee = Taxable Vehicle Value x Tax Rate

Where:

• Taxable Vehicle Value: is the selling price of the vehicle on the invoice or other legal documents as stipulated by the tax authorities.
• Tax Rate: is stipulated by the Ministry of Finance and varies depending on the locality and vehicle type.

Example: Anh Tuan buys a Hyundai New Porter 150 truck at the Hyundai Truong Chinh dealership in Hanoi with a listed price of 400 million VND. The current registration fee rate in Hanoi is 12% for trucks. Therefore, the registration fee Anh Tuan has to pay is: 400,000,000 VND x 12% = 48,000,000 VND.

Vehicle Registration Fee Rates in Hanoi and Ho Chi Minh City

Note:

• Registration fee rates are subject to change.
• For vehicles registered for the second time or more, the registration fee rate will be calculated based on the remaining vehicle value as determined by the local tax authorities.
• In addition to the registration fee, vehicle owners must also pay other fees such as license plate registration fees, civil liability insurance fees, road maintenance fees, etc.