2016 Import Tax Shakeup: How it Impacted Vietnam’s Truck Market

LONG

11/02/2025

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In 2016, Vietnam’s truck market experienced a significant shakeup due to changes in import taxes. Mr. Nguyen Van A, owner of a transport company in Long Bien District, Hanoi, shared, “At that time, the news about import tax changes left us business owners on edge, worried about potential truck price increases.” So, how exactly did the 2016 auto import tax impact the truck market? Let’s analyze this in detail with Xe Tai Ha Noi.

The 2016 Auto Import Tax “Earthquake”: A Multifaceted Impact on the Truck Market

2016 marked a significant milestone when import taxes on completely built-up (CBU) vehicles from ASEAN countries to Vietnam were reduced to 0%. This policy was expected to boost the auto market in general and the truck market in particular.

Advantages: Opening Doors for Imported Trucks

Reduced prices for imported trucks: The tax reduction made imported trucks from Thailand, Indonesia, and other countries more competitive compared to domestically assembled vehicles. This attracted the attention of many transport businesses, especially those seeking high-quality trucks with modern technology.
A more diverse truck market: The arrival of various imported truck brands provided consumers with more choices in terms of models, types, and price segments.
Boosting the supporting industry: To compete with imported vehicles, domestic truck manufacturers and assemblers were forced to improve quality, innovate technology, and reduce production costs.

However, besides the positive aspects, the 2016 auto import tax also created certain challenges:

Challenges: The Race to Enhance Competitiveness

Intense competition: The truck market became more vibrant than ever with the participation of many international “giants.” Domestic truck brands like Thaco and Hyundai Thanh Cong faced fierce competition.
Concerns about service quality: The sudden increase in imported trucks raised concerns about the capacity of the existing warranty and repair service systems.

Imported trucks in 2016

Imported Truck Price List in 2016

(Note: The price list is for reference only and may vary depending on the time and dealer)

Model	Origin	Price (million VND)
Hino 500	Japan	1,200 – 1,500
Isuzu FVR	Japan	1,100 – 1,400
Hyundai HD120S	South Korea	900 – 1,100

Important Considerations When Buying Imported Trucks

Origin: Choose reputable dealers like Xe Tai Ha Noi to ensure purchasing genuine, high-quality imported trucks.
Warranty: Carefully review the warranty and maintenance policies of the manufacturer and dealer before making a purchase.
Legal procedures: Ensure complete documentation and compliance with import and vehicle registration regulations.

Frequently Asked Questions about the 2016 Auto Import Tax

1. Does the 2016 auto import tax apply to used trucks?

No. The 0% tax rate only applies to brand new, 100% imported CBU trucks from ASEAN countries.

2. Where can I buy reputable imported trucks?

To purchase high-quality imported trucks, you can consult reputable dealers like Xe Tai Ha Noi, located in Cau Giay District, Hanoi. We offer a wide range of imported trucks with competitive prices and excellent after-sales service.

Choose Xe Tai Ha Noi – Choose Lasting Trust

With years of experience in the truck business, Xe Tai Ha Noi is proud to be a trusted address for customers in Hanoi and neighboring provinces such as Bac Ninh and Hung Yen. We are committed to providing our customers with: