At the time of its introduction to the market in mid-November 2017, Honda Vietnam said the retail price of this new generation 5+2 SUV model would be just under 1.1 billion VND.

Honda Vietnam Joint Venture has just officially announced the retail price for the new generation CR-V model.Specifically, the high-end CR-V L version has a suggested retail price of 1.256 billion VND and the CR-V E version has a suggested retail price of 1.136 billion VND. Thus, the retail price of CR-V is higher than Honda Vietnam's initial plan.

At the time of its introduction to the market in mid-November 2017, Honda Vietnam said the retail price of this new generation 5.2 SUV model would be just under 1.1 billion VND. This is the price calculated by the Japanese joint venture based on a 0% tax rate because the car is imported completely from Thailand.

According to the ASEAN Trade in Goods Agreement (ATIGA), from January 1, 2018, the import tax rate on completely built-up cars from intra-bloc countries will be reduced to 0% compared to the tax rate of 30% applied in 2017.

However, according to Honda Vietnam, due to Decree 116 of the Government containing some regulations that make it difficult for businesses to import, up to now, Honda Vietnam has not been able to import new CR-V cars with a 0% tax rate. Therefore, the retail price of CR-V is higher than expected.

The announcement from Honda Vietnam also said that the official retail prices applied to the CR-V model are based on the 30% import tax rate for the batch of 750 units imported before January 2018.

Based on this information, it is possible that in the near future, the retail price of the new generation CR-V will be reduced after Honda Vietnam imports new batches of cars at a 0% tax rate.