Increase registration fee, how much more money will it cost to buy a car?

The change in registration fees for cars, motorbikes, especially luxury cars, has forced Vietnamese customers to pay more money, possibly up to nearly a billion VND.

The Ministry of Finance has just issued Decision 942 on amending and supplementing the price list for calculating registration fees for cars and motorbikes. This has caused the cost of owning some car models, especially luxury cars, to increase significantly compared to before.

Range Rover SV Autobiography in Vietnam.

For example, the 5L, 4-seat Range Rover SV Autobigography has a registration fee of 15.629 billion VND, an increase of 6.51 billion VND compared to the old registration fee. If the highest registration fee applied in Hanoi is 12%, the buyer of the above car model must pay more than 0.78 billion VND more than before.

Below are some car models affected by this registration fee adjustment.

According to VNN