The national government has just promulgated Decree No. 10/2022/ND-CP regulating registration fees for many types of goods, including electric cars.

In detail, the decree exempts the buyers of electric vehicles from registration fees for three years starting from March 1 to promote the consumption of electric cars in the domestic market and develop the environmentally-friendly vehicle segment.

In the next two years, the registration fee for electric cars will be half that of fuel-run vehicles with the same number of seats.

Fuel-powered vehicles with fewer than nine seats are entitled to a registration fee of 10% of their value.

The rate of registration fee collection for motorbikes is 2%. Particularly, motorbikes of organisations and individuals in centrally-run cities must pay the registration fee for the first time at the rate of 5% while the owner of motorbikes paying the registration fee for the second time onward will pay 1%.

In case the property owner has declared and paid a registration fee of 2% for motorbikes and then transferred it to an organisation or individual in the area specified above, the registration fee shall be paid at the rate of 5%.

The buyers of under-five-seat pick-up trucks and vans with a load of less than 950 kilograms shall pay a registration fee for the first time at 60% of that for under-nine-seat cars.

Besides, the decree also stipulates that the property registration fees is 0.5%.  The fee on hunting guns and guns used for training and sports competition is 2%, for ships including barges, canoes, tugs, pushers, submarines, submersibles, boats, including yachts and aircraft, is 1%.

Reporting by MINH LE – Translating by A. THU