Ministry proposes to increase registration fees for pickup trucks, van

The Ministry of Finance has asked related agencies for their opinions about higher registration fees for pickup trucks and vans to amend and supplement the government’s edict No.140 on vehicle registration fees.
In its rough draft, the ministry proposed an increase in the registration fees for pickup trucks and van with carriage capacities of less than 1,500kg and fewer than five seats in order to ensure fairness for cars with fewer than nine seats.

The new fee for the two types of vehicles will be equal to 60 per cent of the first registration fee for cars with nine seats or fewer and the second registration fee rate will be 2 percent of the value of the vehicle.
As per the decree No.140, the first registration fee for cars with nine seats or fewer is 2 percent; however, at present, the two types of vehicles are used for carrying passengers and cargo but other trucks are used to only carry goods.
The proposal is expected to help increase collection for the state budget, ensuring the management over vehicles as well as controlling means of transport in big cities.
Last year, an increase in special consumption tax was suggested to supplement into the draft to submit to the National Assembly. If the proposal is approved, consumers will have more choices between cars and pickup trucks.

By LAC PHONG - Translated by UYEN PHUONG

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