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Vietnam to Halve Car Registration Fees: Tuoi Tre

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

At VinFast, for example, the manufacturer delivered only 40 VF e34 electric vehicles to its customers in January as some spare parts imported to Việt Nam arrived slower than planned. 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


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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.


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