Regulation on liquidation of automobiles of overseas Vietnamese bodies

Regulation on liquidation of automobiles of overseas Vietnamese bodies
Thu Hien

On December 31, 2017, the Government of Vietnam issued Decree No. 166/2017/NĐ-CP providing for standards, norms and requirements for management and use of public property of overseas Vietnamese bodies.

According to Decree No. 166/2017/NĐ-CP of Vietnam’s Government, automobiles for general business of other overseas Vietnamese bodies shall be liquidated according to the law of the host country.

If this matter is not provided by the law of the host country, these automobiles shall be liquidated in the following cases:

- The automobile has been in use for more than 10 years or ran for more than 200.000 km;

- The automobile has not expired but it is damaged beyond repair or repair is inefficient (estimated repair costs are higher than original price by more than 30%).

Automobiles servicing the titles mentioned in Clause 1 Article 16 of Decree No. 166/2017/NĐ-CP may be replaced after they have been used for at least 06 years, unless otherwise provided for by the law of the host country.

Automobiles eligible for replacement according to regulations but still operating properly shall be handled according to regulations of Decree No. 151/2017/ND-CP of Vietnam’s Government.

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