Prime Minister's Urgent Call for Motor Vehicle Registration Fee Decree in Vietnam

Tuesday, 23 July 2024, 07:59

The Prime Minister of Vietnam, Pham Minh Chinh, has directed the Ministry of Finance (MoF) to swiftly evaluate the impacts of motor vehicle registration fees. He is urging the ministry to complete and submit a proposal for a decree concerning registration fee rates for domestically-produced and assembled cars before the end of the month. This directive aims to enhance the competitiveness of the local automotive industry and ensure fair pricing for consumers.
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Prime Minister's Urgent Call for Motor Vehicle Registration Fee Decree in Vietnam

Overview of the New Decree Request

The Prime Minister of Vietnam, Pham Minh Chinh, has put forth a request to the Ministry of Finance (MoF) to take immediate action on the issue of motor vehicle registration fees. He has called on the ministry to study the potential impacts thoroughly.

Key directives from the Prime Minister

  • The MoF is to propose a decree for registration fee collection rates.
  • The focus is on domestically-produced and assembled cars in the automotive industry.
  • This proposal should be completed by the end of the month.

This initiative highlights the government's commitment to enhancing the finance sector and supporting the local automotive market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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