Vietnam Car Taxes in 2019: What You Need to Know

The saying “buying a car is easy, maintaining it is a pain” reflects the reality of car ownership costs. Besides the car price, fuel, and maintenance, taxes and fees are also a major headache for many. Today, let’s delve into the details of car taxes in Vietnam in 2019.

Vietnam car registration tax in 2019

Car Registration Tax: The First Hurdle

This is the first tax you have to pay when buying a car. In 2019, car registration tax rates remained unchanged:

• 10% for passenger cars with fewer than 9 seats and pickup trucks.
• 2% for trucks (including VAN trucks).

For example, if you buy a 1-ton VAN truck in Hanoi for 300 million VND, you will have to pay 6 million VND in registration tax. If you go big with an 800 million VND pickup truck, the tax will be 80 million VND!

Other Taxes and Fees: The Smaller Bites That Add Up

Besides the registration tax, car owners also have to pay other taxes and fees, such as:

• What is car registration service fee: This fee includes registration, inspection, and license plate fees. The fee varies depending on the location. For example, in Hanoi, the registration fee for a car with fewer than 9 seats is 20 million VND.
• Road usage tax: This tax is paid annually and is based on the vehicle’s engine displacement.
• Civil liability insurance: Mandatory for all vehicles on the road.

Car taxes and fees in 2019

Advice for Car Buyers: Forewarned is Forearmed

Before buying a car, you should thoroughly research the costs of buying a new car to avoid unexpected expenses. Carefully consider your financial capabilities and needs to choose the most suitable car.

Nguyen Van A, an economic expert at the Institute of Socio-Economic Development Research, shared: “Understanding car tax regulations is essential to avoid unnecessary risks and contribute to a transparent car market.”

Car window tinting

Owning a car is not just about buying it; it’s also about managing the associated costs. Hopefully, this article has provided you with useful information about car taxes in Vietnam in 2019.

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