Buying a truck is a significant investment, requiring buyers to understand not only the listed price but also the associated truck purchase fees. This article provides a detailed breakdown of the necessary fees to legally and safely get your truck “on the road” in Vietnam.
Overview of truck purchase fees, including registration, taxes, and insurance
Essential Fees When Buying a Truck
Truck purchase fees include the vehicle’s price at the dealership plus various taxes and fees, specifically as follows:
1. Truck Registration Tax
- Current rate: 2% of the vehicle’s value on the sales invoice. This is a mandatory tax to be paid when buying a new truck.
2. Vehicle License Plate Registration Fee
The fee for issuing a new truck license plate is regulated by region:
- Zone 1 (Hanoi, Ho Chi Minh City): 500,000 VND
- Zone 2 (Cities, Towns): 150,000 VND
- Zone 3 (remaining areas): 150,000 VND
3. Vehicle Inspection Fee
After registering the vehicle, the owner needs to conduct a vehicle quality inspection before circulating. Truck purchase fees related to inspection are regulated according to the vehicle’s load capacity, detailed in the table below:
| STT | Vehicle Type | Fee | Charge | Total |
|---|---|---|---|---|
| 1 | Trucks over 20 tons | 560,000 VND | 50,000 VND | 610,000 VND |
| 2 | Trucks from 7 to 20 tons | 350,000 VND | 50,000 VND | 400,000 VND |
| 3 | Trucks from 2 to 7 tons | 320,000 VND | 50,000 VND | 370,000 VND |
| 4 | Trucks up to 2 tons | 280,000 VND | 50,000 VND | 330,000 VND |
4. Road Maintenance Fee
The road maintenance fee is regulated according to Circular No. 70/2021/TT-BTC, applicable to registered road motor vehicles. This fee depends on the vehicle’s total weight and the payment period (1 month, 6 months, 12 months,… 30 months).
Note: Some subjects are exempt from road maintenance fees, such as ambulances, fire trucks, funeral service vehicles, military vehicles,…
5. Civil Liability Insurance
This is a mandatory insurance for vehicle owners. The civil liability insurance fee is regulated according to Circular No. 04/2021/TT-BTC and applies to each specific vehicle type.
6. Vehicle Body Insurance
Vehicle body insurance is not mandatory for trucks purchased outright. However, if buying a truck on installment, the bank will require this type of insurance. The fee usually ranges from 1.35% – 1.8% of the vehicle’s value.
7. Other Expenses
In addition to the main fees above, some other expenses may arise, such as:
- License plate stamping fee
- Logo and decal application fee
- Dashcam and GPS installation fee
- Emission cutting fee,…
Conclusion
Understanding the truck purchase fees will help you better prepare your finances and avoid unwanted costs. To know the exact “on the road” costs for each specific vehicle type, please contact your truck dealer directly.
