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What is High Car Prices in Vietnam Explained about?
Car prices in Vietnam are significantly higher due to various taxes and fees, including an import tax of 37%-42.5%, a special consumption tax ranging from 35%-150%, and a 10% VAT. Additionally, a registration fee and other administrative costs can double or triple the final price of vehicles. Cars imported from ASEAN countries benefit from a 0% import duty, making them more affordable options.
- Author
- gpksf29xqm
- Language
- EN