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VietNamNews

City legislators okay proposal for annual fees on motorbikes

Update: January, 03/2015 - 10:22

HCM CITY (VNS)— The HCM City People's Committee's proposal to slap an annual fee on motorbikes from 2015 was approved by the People's Council at an unscheduled meeting yesterday with most lawmakers voting for it.

They agreed with the proposed fees of VND50,000 (US$2.3) in case of engines below 100cc, VND100,00 ($4.7) for those between 100cc and 175cc, VND150,000 ($7) for those above 175cc.

People living under the poverty line will however be exempt from the fees.

The amount collected from the more than six million motorbikes in the city will be used to upgrade infrastructure, especially in outlying districts, communes, and wards.

With the vehicle number rising by the day, the city expects to raise VND300 billion ($14.1 million) annually.

Nguyen Huu Tin, deputy Chairman of the People's Committee, said outlying districts can keep 100 percent of the money they collect while in case of the others it would depend on their economic situation.

Wards, communes, and townships will be allowed to keep 10-20 percent of what they collect for road upgrade. — VNS


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