Why Are Car Taxes So High in Vietnam?

My friend called me today, excited: “Hey, I heard Dongfeng trucks are on sale at XE TẢI HÀ NỘI! You’re thinking of buying a truck, right? Why don’t you check it out?”. I’ve been planning to buy a Hyundai truck for transporting goods from Long Bien district to suburban districts like Dong Anh and Soc Son. I was tempted, but thinking about the “sky-high” car taxes in Vietnam, I hesitated. Why are car taxes so high?

High Car Taxes: A Difficult Problem

In reality, the question “why are car taxes so high?” is a concern for many people, especially those who need to buy trucks like us. To understand better, let’s analyze with XE TẢI HÀ NỘI the main factors contributing to these “exorbitant” taxes.

1. Taxes and Fees That “Weigh Down” Car Prices

To get a car to the consumer, we have to shoulder not only the cost of production and assembly but also countless other taxes and fees. Let’s take a look at some of the main “burdens”:

• Import Tax: For completely built-up imported vehicles (CBU), this tax depends on engine displacement and origin.
• Special Consumption Tax: This tax applies to domestically produced and assembled cars and imported cars. The larger the engine displacement, the higher the tax.
• Value Added Tax (VAT): Applied to the value of the car plus other taxes and fees.
• Registration Fee: This tax is regulated locally and ranges from 10% to 12% of the car’s value.

It can be seen that taxes and fees alone account for a significant portion of a car’s price.

2. State Regulatory Policies

Applying high taxes to cars is one policy aimed at limiting personal vehicles and reducing traffic congestion, especially in big cities like Hanoi. Besides, revenue from car taxes also contributes significantly to the state budget, serving socio-economic development and investment activities.

3. Traffic Infrastructure Conditions

Vietnam’s traffic infrastructure system still has many limitations and cannot meet the increasing demand for vehicle use. Applying high taxes also aims to limit the number of vehicles in circulation, reducing the burden on traffic infrastructure.

Dongfeng Truck

Truck Price List Reference at XE TẢI HÀ NỘI

To give readers a more visual overview of current truck prices, XE TẢI HÀ NỘI provides a reference price list for some popular truck models:

Note: The price list is for reference only. Actual selling prices may vary depending on the time, dealer, and promotion programs.

Truck Feng Shui: “Buy a Car on an Auspicious Day, Build a House in an Auspicious Year”

Vietnamese people value spiritual and feng shui elements. Buying a truck is no exception to this concept. According to Mr. Nguyen Van A, a feng shui expert in Hanoi, choosing a car color that matches the owner’s destiny and checking the auspicious date and time for the car’s departure are extremely important, affecting the owner’s fortune and luck.

Frequently Asked Questions

1. What are the requirements for buying a truck on installment?

To buy a truck on installment, you need to prepare complete personal/business legal documents, proof of income, and financial capacity.

2. Which truck brand is the best to buy?

The choice of truck brand depends on the usage needs, financial capacity, and preferences of each person. Some popular truck brands in Vietnam include Hyundai, Isuzu, Hino, and Dongfeng.

3. Where is XE TẢI HÀ NỘI located?

XE TẢI HÀ NỘI has a wide network of branches. You can visit our showroom at [specific address] or contact the hotline [phone number] for detailed advice.

Choose XE TẢI HÀ NỘI, Steady Steering, Towards Success

With many years of experience in truck distribution, XE TẢI HÀ NỘI is proud to bring customers quality products, reputable services, and the most competitive prices in the market.

Contact XE TẢI HÀ NỘI now for advice and to own your desired truck!

Truck Interior

See more:

• North-South Car Transportation Service
• Auto Parts Business Plan

Hopefully, this article has helped you understand more about car taxes in Vietnam.

Leave a comment below if you have any questions!