Imported Pickup Truck Prices Plummet Due to Taxes

Anh Tuan, a motorcycle repair shop owner on Nguyen Trai Street, Ha Dong, has long dreamed of owning a pickup truck. It would be perfect for carrying goods, driving around the city, and enjoying stylish weekend getaways. However, after carefully researching import taxes on pickup trucks, he hesitated. “I heard the taxes are very high; my four-wheeled dream seems too far away!”

Anh Tuan’s story resonates with many Vietnamese. So, what exactly are the import taxes on pickup trucks? Why is it so complicated? This article will help answer those questions.

Import Taxes on Pickup Trucks: A Challenge for Consumers

Pickup Trucks – The “Hybrid” of the Automotive World

Unlike conventional cars or trucks, pickup trucks possess characteristics of both. This “hybrid” nature complicates tax application. Under current regulations, imported pickup trucks are considered commercial vehicles and are subject to higher special consumption taxes than passenger cars.