Official 50% Reduction in Registration Fees for Domestically Manufactured Automobiles

08:58, 10/07/2024

The Government of Vietnam has just issued Decree 70/2020/ND-CP stipulating the rate of registration fee for domestically manufactured and assembled automobiles until December 31, 2020.

from June 28, 2020, to December 31, 2020, the first-time registration fee for cars, trailers or semi-trailers pulled by cars, and similar vehicles manufactured or assembled domestically shall be 50% of the fee levels specified in Decree 20/2019/ND-CP amending and supplementing certain provisions of Decree 140/2016/ND-CP and the current resolutions of the People's Council or current decisions of the Provincial People's Committee, City under central authority regarding the local registration fee levels.

From January 1, 2021, onwards, the registration fee levels shall continue to comply with the regulations in Decree 20/2019/ND-CP amending and supplementing certain provisions of Decree 140/2016/ND-CP and the current resolutions of the People's Council or current decisions of the Provincial People's Committee, City under central authority regarding the local registration fee levels.

For details, refer to Decree 70/2020/ND-CP effective from June 28, 2020, to December 31, 2020.

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