In an effort to reduce the trade deficit, the Ministry of Finance has increased the import tariff on used vehicles effective Tuesday. This measure is also intended to ease traffic congestion nationwide.
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The tariff for a vehicle 15-seats (including the driver’s seat) and smaller will be increased by US$3,500 – US$30,000, according to Ministry of Finance Decision No. 23/2008/QD-BTC. The larger the cylinder capacity of the vehicle, the higher the tariff imposed.
Cars with five seats and a cylinder capacity of 5,000 cubic centimeters or less will be subject to a tariff of US$3,500 and US$30,000 each, depending on model and brand.
Automobiles with six to nine seats and cylinders of 4,000 cc or less will be subject to a tariff of US$10,800 to US$24,000.
Vehicles with ten to 15 seats and cylinders of 3,000 cc or less will subject to a tariff of US$9,500 to US$17,000.
