Why Are Car Taxes So High in Vietnam?

Mr. Ba, a well-known construction material shop owner in Long Bien, Hanoi, dreams of owning an 8-ton Dongfeng truck to facilitate deliveries. He’s cherished this dream since his neighborhood was a dirt road, but now his children are grown, and the dream truck remains elusive. The high price of trucks in Vietnam, largely due to taxes, makes it unattainable.

So, why are car taxes so high in Vietnam? This article delves into the reasons behind this complex issue.

Reasons Behind Vietnam’s High Car Taxes

1. Protecting Domestic Production

High taxes are meant to shield the nascent domestic auto industry, allowing companies like VinFast and Thaco to compete with foreign giants. However, this policy forces Vietnamese consumers to pay higher prices.

8-ton Dongfeng truck in Vietnam

2. Controlling Traffic Congestion

Vietnam has a high population density and underdeveloped transportation infrastructure. High taxes are seen as a way to limit car ownership and reduce traffic jams.

3. Increasing Government Revenue

Undeniably, car taxes are a significant source of government revenue, used to fund infrastructure, education, and healthcare.

Dongfeng 8-Ton Truck Price List (Reference)

Note: Prices are for reference only and may vary depending on time, dealer, and promotions.

Mr. Ba considering buying a Dongfeng 8-ton truck

Frequently Asked Questions About Car Taxes in Vietnam

1. When will car taxes in Vietnam decrease?

This question remains unanswered.

2. When is the best time to buy a car?

Many believe that buying a car at the end of the year or during holidays often comes with attractive promotions.

Conclusion

High car taxes in Vietnam are a complex issue with varying opinions. Hopefully, this article has shed some light on why car taxes are so high. Visit Xe Tải Hà Nội for the latest information on the truck market!