Government approves 50-percent cut in registration fees for cars from September 1

A temporary 50-percent reduction in registration fees for domestically produced and assembled cars will be applied from September 1 through November 30 this year.

Such is announced under Decree 109/2024/ND-CP signed by Deputy Prime Minister Ho Duc Phoc on August 30.

This move aims to stimulate the domestic auto market, which has seen a significant drop in sales with 67,849 cars sold in the first half of 2024, marking a 15 percent decline compared to the same period last year.

registration fees for cars from September 1
Government approves 50-percent cut in registration fees for cars from September 1 (Illustration)

The reduction is also intended to counter the trend of declining domestic auto sales compared to imported vehicles, which have been outperforming local models.

The policy is expected to reduce state revenue by approximately VND 867 billion (USD 34 million) per month. Current registration fees are 12 percent in Hanoi and Hai Phong, and 10 percent in Ho Chi Minh City, varying by locality.

This isn’t the first time the government has implemented such a measure. A similar fee reduction was applied in the last six months of the previous year.

By: VLLF

1900 6192 để được giải đáp qua tổng đài
090 222 9061 để sử dụng dịch vụ Luật sư tư vấn (CÓ PHÍ)
Đánh giá bài viết:

Tin cùng chuyên mục

English translation of the 2025 Law Amending the Law on Treaties, No. 137/2025/QH15 is newly published

English translation of the 2025 Law Amending the Law on Treaties, No. 137/2025/QH15 is newly published

English translation of the 2025 Law Amending the Law on Treaties, No. 137/2025/QH15 is newly published

The 2025 Law Amending the Law on Treaties, No. 137/2025/QH15, will take effect on January 01, 2026. This Law focuses on reforming processes for the conclusion, accession to, and implementation of international commitments to enhance international integration efficiency and ensure the consistency of the legal system in the new context.

 

The English translation of Law Amending and Supplementing the Law on Judicial Records has been published

The English translation of Law Amending and Supplementing the Law on Judicial Records has been published

The English translation of Law Amending and Supplementing the Law on Judicial Records has been published

The Law Amending and Supplementing a Number of Articles of the Law on Judicial Records 2025, No. 107/2025/QH15, shall take effect on July 01, 2026, and focuses on amending key provisions to create a synchronous legal framework for judicial record management in the new period.

 

Strategy to help enhance Vietnam’s prestige, appeal on international arena

Strategy to help enhance Vietnam’s prestige, appeal on international arena

Strategy to help enhance Vietnam’s prestige, appeal on international arena

The target is set out in the Government’s strategy to promote Vietnam’s global image for the 2026–2030 period, with a vision to 2045, approved by the Prime Minister on January 27. The strategy underlines that promoting Vietnam's image abroad is not merely information activities, but a strategic "soft" tool serving the country's development.

List of special-purpose machinery serving agricultural production to 5% VAT from December 31, 2025

List of special-purpose machinery serving agricultural production to 5% VAT from December 31, 2025

List of special-purpose machinery serving agricultural production to 5% VAT from December 31, 2025

The Minister of Agriculture and Environment has promulgated Circular No. 101/2025/TT-BNNMT on providing guidance on other special-purpose machinery serving agricultural production not yet specified in Clause 6, Article 19 of the Government’s Decree No. 181/2025/ND-CP dated July 01, 2025, detailing a number of articles of the Law on Value-Added Tax.