Type to search

Vietnam to Halve Car Registration Fees: Tuoi Tre

Government expects increased value-added tax receipts due to higher demand for vehicles


Employees work on the assembly line at the Vinfast car plant in Hai Phong. Photo: Reuters

Vietnam‘s finance ministry said on Wednesday it would halve registration fees for domestically manufactured and assembled cars from November 15 to May 15 2022, Hanoi-based Tuoi Tre reported.

The move is designed to stimulate consumer demand and support local manufacturing.

The government also expects to boost value-added tax receipts due to the higher demand for vehicles.

Read the full report: Tuoi Tre

READ MORE:

ExxonMobil Debates Exit from Vietnam Project: WSJ

Companies Keen to Exploit Vietnam’s Vast Wind Power Potential

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

logo

AF China Bond