Saigon to double car registration fees
In this article (5)
HCMC will raise registration fees of cars under 9 passenger seasts from VND11 million ($473) to VND20 million ($860) from October 17.
According to a resolution recently passed by the city’s People Council, licensing fees for other types of cars will be set from the initial cost of VND150,000 ($6.4) to VND500,000 ($22). Such as, prices for semi trailers and trailers (container trucks) will now be VND200,000 ($8.6).
For motorbikes, those valued under VND15 million ($645) will now have a new registration fee of VND1 million ($43). Motorbikes costing between VND15-40 million ($645-1,720) and above will have new registration fees of VND2-4 million ($86-172).
Vo Van Hoan, Vice Chairman of Ho Chi Minh City People’s Committee, said the new registration fees were equivalent to those in Hanoi, and that the increase was an appropriate reflection of the city’s economic status.
The HCMC department of transportation estimates that there are more than 825,000 cars and 8.1 million motorbikes in the city. In the first six months of this year, the number of newly registered cars and motorbikes increased year-on-year by 15 percent and 6 percent respectively.
Questions & Answers
Q.Which types of vehicles are affected by the registration fee changes in HCMC?
Which types of vehicles are affected by the registration fee changes in HCMC?
The new registration fees apply to cars under nine passenger seats, semi-trailers, trailers, and motorbikes. The changes cover various value brackets for motorbikes.
Q.When will the new registration fees come into effect?
When will the new registration fees come into effect?
The increased registration fees will be implemented from October 17. This follows a resolution recently passed by the city’s People Council.
Q.What is the reason given for raising the registration fees?
What is the reason given for raising the registration fees?
Vo Van Hoan stated the new fees are equivalent to Hanoi's and reflect HCMC’s economic status. This adjustment is seen as an appropriate measure.
Q.How many vehicles are currently registered in Ho Chi Minh City?
How many vehicles are currently registered in Ho Chi Minh City?
The HCMC department of transportation estimates there are over 825,000 cars and 8.1 million motorbikes in the city. Vehicle numbers increased in the first half of this year.
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