How to Transfer Ownership of a Foreign-Registered Vehicle in Vietnam

“How do I transfer the ownership of a vehicle with NN plates?” This question from my cousin reminded me of my own struggles when I first bought a car. Transferring ownership of a vehicle with NN license plates (foreign-owned vehicles) in Vietnam is indeed a bit different. Let’s break down the process in this comprehensive guide.

Transferring ownership of a foreign-registered vehicle at a government office

Understanding “NN License Plate Ownership Transfer”

First, let’s clarify what NN license plates signify. These plates are issued to vehicles owned by foreign organizations with representative offices in Vietnam. “Transferring ownership” means changing the vehicle’s owner from a foreign entity to an individual or another organization within Vietnam.

Decoding the NN License Plate Ownership Transfer Process

The process involves three main steps:

1. Document Preparation

Gather the following documents:

• Vehicle Documents: Vehicle registration certificate, inspection certificate.
• Personal/Organization Documents: National ID card/Citizen ID card/Passport (individual), business registration certificate (organization).
• Sales or Gift Contract: Notarized and legally certified.
• Other Documents: As required by the vehicle registration authority.

Note: Additional documents might be required depending on the specific case.

2. Submission and Fee Payment

Submit the complete set of documents to the vehicle registration office where the vehicle was initially registered. After verification, you’ll be guided on the fee payment process.

3. New Vehicle Documents Issuance

Upon completion, you’ll receive a new vehicle registration certificate under your name.

Common Challenges and Solutions

Potential issues during the transfer process:

• Outstanding Financial Obligations: Contact the bank or lending institution to resolve any outstanding loans.
• Incomplete Documents: Thoroughly review the document checklist before submission.
• Complex Procedures: Consider seeking assistance from a vehicle ownership transfer service.

Tips for a Smooth Transfer Process

• Meticulous Document Preparation.
• Thorough Understanding of Legal Regulations.
• Choosing a Reputable Service Provider (if needed).

FAQs about NN License Plate Ownership Transfer

• What are the transfer fees? Fees vary depending on the vehicle type and registration location.
• How long does the transfer process take? Approximately 7-10 working days.
• Is authorization allowed for the transfer? Yes, with a valid power of attorney.

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• Foreign vehicle ownership transfer Vietnam
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Learn More About Trucks?

Interested in more information about trucks? Check out these articles:

• Used Innova 2012 Price
• Toyota Innova 2018 Price List

Truck sales contract

Conclusion

Transferring ownership of a vehicle with NN license plates isn’t overly complicated with proper preparation and understanding of the process. We hope this article provided valuable insights. Feel free to leave a comment or contact us with any questions!

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