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VietNamNews

HCMC to cut fee for small cars

Update: December, 13/2013 - 09:12
HCM City reduces registration fees from 15 per cent to 10 per cent of the car's value. — Photo dddn

HCM CITY (VNS)— HCM City will reduce registration fees for vehicles with less than 10 passenger seats on January 1, 2014.

The new fee, calculated at 10 per cent of the car's value, is a reduction from the current fee of 15 per cent.

The city's current registration fee is the highest in Viet Nam. It is followed by Ha Noi (with 12 per cent), and central Da Nang City and some southern provinces such as Dong Nai, Binh Duong, Tay Ninh and Long An (with 10 per cent).

Meanwhile, for automobiles that are registered for the second time, they will pay a registration fee at the rate of 2 per cent, applied at the same rate as found throughout the country.

Car owners often flocked to other provinces to register their new cars at 10 per cent, then returned to HCM Ciy to make their second registration at 2 per cent, to take advantage of the difference. — VNS

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