Vietnam cuts auto registration fee by half – VnExpress International


By Anh Tu  &nbspJune 28, 2020 | 08:01 pm GMT+7
Vietnam cuts auto registration fee by half  Vietnam cuts auto registration fee by half - VnExpress International xehoigiamgiamuadichCovidvnexpr 3307 7384 1593336743

A domestically-assembled Hyundai Grand i10 in a dealership in Thu Duc District, Ho Chi Minh City. Photo by VnExpress/Thanh Nhan.

Locally made cars would have their first-time registration fee cut by half until year’s end, starting Sunday, according to a new decree.

The decree, signed by Prime Minister Nguyen Xuan Phuc on Sunday, which determines the registration fee for cars produced in Vietnam, would be in effect until December 31.

First-time registration fees for locally made cars, trailers and semi-trailers towed by cars, among others, would be cut by half. From January 1, 2021, the fee will be back to the old level.

Registration fees were previously 12 percent of the car price in localities like Hanoi, Hai Phong City and Quang Ninh Province, 10 percent in Ho Chi Minh City and 11 percent in the central province of Ha Tinh, for instance.

The move is part of an effort to boost car sales, which plummeted in the first four months of this year due to the impact of the Covid-19 pandemic, and auto brands might consider lowering prices of imported cars to compete, analysts said.

Auto sales fell 36 percent year-on-year in the period to 64,100 units, of which 63 percent were domestically made, according to the Vietnam Automobile Manufacturers Association.

e.VnExpress

What's Your Reaction?

Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Like Like
0
Like
Lol Lol
0
Lol
Love Love
0
Love
Win Win
0
Win
WTF WTF
0
WTF

Comments 0

Your email address will not be published. Required fields are marked *

Vietnam cuts auto registration fee by half – VnExpress International

log in

Become a part of our community!

reset password

Back to
log in
error: Content is protected !!
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF