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Official Gazette

Thursday, December 8, 2022
Tags: trucks
Ministry annuls regulations on auto localization rates Ministry annuls regulations on auto localization rates
The Minister of Science and Technology has issued a circular to nullify some documents on methods of determining automobile localization rates.
New registration fee rates decreed New registration fee rates decreed
From March 1, the registration fee rate for land and houses will be 0.5 percent of registration fee calculation prices set by provincial-level People’s Committees, according to Decree 10 recently issued by the Government.
MoF proposes to increase import tax on heavy trucks MoF proposes to increase import tax on heavy trucks
The Ministry of Finance has proposed to increase import tax on complete built-up units (CBUs) of trucks weighing more than 45 tons from the current zero to 10 percent. This tax level is equal to commitments under the World Trade Organization (WTO).
Excise tax exemption proposed for locally made automobile parts Excise tax exemption proposed for locally made automobile parts
The Ministry of Industry and Trade has proposed non-imposition of excise tax on locally made auto parts in order to bring the prices of cars, especially assembled ones, more accessible to customers.
Finance sector gets ready for international economic integration Finance sector gets ready for international economic integration
International economic integration plays a crucial role in accelerating economic development and enhancing the political position of Vietnam in the world. The finance sector’s integration and cooperation activities have actively contributed to promoting international economic integration and national economic reform through boosting international trade as well as regional and sectoral restructuring. In 2015, along with further scrutinizing, revising and issuing tariffs for implementing the free trade agreements (FTAs) currently in force, the finance sector took the initiative in devising plans for negotiation and conclusion of several FTAs, including the TPP agreement, the EU-Vietnam bilateral FTA, the Vietnam-RoK FTA and the Vietnam-Eurasian Economic Union FTA.
New incentives for domestic automobile industry New incentives for domestic automobile industry
From February 4, domestic enterprises’ investment projects to manufacture automobile parts or assemble automobiles and special-use vehicles will be given access to loans from the Vietnam Development Bank under the regulations on the State’s development investment loans.
Policy digest November 2015 Policy digest November 2015
 Under the Law on Charges and Fees passed by the National Assembly on November 25 and scheduled to be effective as from January 1, 2017, 17 public service charges, including irrigation charge, road use toll, port and station charges, vehicle inspection charge, securities operation charge, etc., which the State does not need to strictly manage will be shift to the state-regulated pricing mechanism. 
Auto part import tariff to be slashed in 2016 Auto part import tariff to be slashed in 2016
The Ministry of Finance has proposed to reduce import duty to zero percent for various automobile parts and spare parts by 2016.
Use of foreign driver licenses in Vietnam Use of foreign driver licenses in Vietnam
Foreigners who have driver licenses granted by foreign authorities and wish to drive motor vehicles in Vietnam have to change such licenses into Vietnamese driver licenses.
Stricter rules on petrol and oil trading Stricter rules on petrol and oil trading

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