Vietnam Import Tax on Trucks: A Burning Issue

Mr. Ba, a seasoned truck driver in Long Bien District, Hanoi, dreams of owning a truck imported directly from Japan. He’s heard that Japanese trucks are durable, fuel-efficient, and much safer. However, every time he researches import taxes on whole trucks, he’s overwhelmed by the exorbitant figures. Is Mr. Ba’s dream of owning an imported truck too far-fetched?

What is the Import Tax on Whole Trucks?

The import tax on whole trucks is a levy that individuals and organizations must pay when importing complete trucks into Vietnam. It’s a crucial factor influencing the price of imported trucks, especially in the commercial vehicle segment.

Classification of Import Taxes on Whole Trucks

Import tax rates vary depending on the origin, type of vehicle, and engine displacement.

Example:

• Trucks imported directly from ASEAN countries benefit from a preferential 0% tax rate.
• Trucks imported from other countries are subject to tax rates ranging from 0% to 70%, or even higher.

ASEAN imported truck

Other Taxes and Fees on Imported Trucks

Besides the import tax, other taxes and fees apply when importing whole trucks, including:

• Special Consumption Tax
• Value Added Tax (VAT)
• Registration Fee

Impact of Import Taxes on the Vietnamese Truck Market

High import taxes make imported trucks expensive, creating a barrier for domestic consumers. This also affects the competitiveness of the Vietnamese automobile market compared to other countries in the region.

Import Tax Rates for Whole Trucks in 2023

Note: This table is for reference only. Tax rates are subject to change according to Vietnamese law.

Important Considerations Regarding Import Taxes on Whole Trucks

• Thoroughly research the import tax policy on whole trucks before making a purchase.
• Compare prices from various sources to get the best deal.
• Choose a reputable and experienced importer to protect your interests.

Imported truck in Vietnam

Frequently Asked Questions about Import Taxes on Whole Trucks

1. Will import taxes on whole trucks be reduced in the future?

The government is taking steps to reduce import taxes on whole trucks to stimulate the market. However, there’s no official information on the specific timing or extent of the reduction.

2. Where can I buy imported trucks from reputable dealers?

You can consider reputable truck dealerships in Hanoi like Thai Phong Auto on Nguyen Van Linh Street, Long Bien District, or dealerships on Pham Van Dong Street, Cau Giay District.

How to Find Information on Import Taxes on Whole Trucks

• Visit the website of the Ministry of Finance or the General Department of Customs for the latest information on import tax policies.
• Consult with experts in the automotive and tax fields.

Xe Tai Ha Noi – Your Trusted Source for Trucks

If you’re looking for a reliable place to buy a truck, come to Xe Tai Ha Noi. We offer a wide range of trucks from world-renowned brands at the most competitive prices in the market.

Similar products:

• Hyundai Trucks
• Isuzu Trucks
• Hino Trucks
• Thaco Trucks

Conclusion

Import taxes on whole trucks are a complex issue affecting various aspects of the Vietnamese automobile market. We hope this article has provided you with valuable information on this topic.

Leave a comment below if you have any questions.