The cut in the fee has reduced the cost of car ownership, which the Government hoped would help revive a slumping auto market. — Photo dantri.com.vn In June Prime Minister Nguyen Xuan Phuc issued a decree cutting registration fees for domestically manufactured cars and other vehicles by half for the rest of the year. Accordingly, the registration fee for passenger cars, trailers or semi-trailers pulled by cars and similar vehicles manufactured and assembled domestically is reduced by 50 per cent of the rate specified by Government’s Decree No. 20/2019/ ND-CP. Under the Decree No. 20, the buyers of cars with nine seats or less have to pay registration fee of 10 per cent of the car value in cities and provinces, except for Ha Noi which applies a rate of 12 per cent. Meanwhile, buyers of pick-up trucks with transport volume of less than 1,500 kilos and five seats or fewer, and vans with capacity of 1,500 kilos or less, will pay an amount equal to 60 per cent of the nine-seat car’s registration fee. The cut in the fee has reduced the cost of car ownership, which the Government hoped would help revive a slumping auto market. It has… Read full this story
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