Consider not reducing 50% of registration fee for domestically assembled cars

In a document sent to the Ministry of Justice asking for opinions on the draft Decree on collecting registration fees for domestically produced and assembled cars before submitting it to the Government, the Ministry of Finance said that basically, the opinions of ministries, branches and localities agreed with the draft Decree.

In addition, the Ministry of Planning and Investment, the Ministry of Justice, and the Ministry of Industry and Trade have commented that continuing to reduce registration fees as in the draft Decree will violate international commitments, leading to the risk of being penalized for violations or retaliation from countries to which Vietnam exports goods, and it is necessary to develop a plan to proactively respond.

The Ministry of Finance has proposed to consider not reducing the 50% registration fee for domestically assembled cars. (Photo: ST)

Regarding this issue, the Ministry of Finance said that it has specifically assessed the impact of reducing 50% of registration fees for domestically produced and assembled cars, the violation of international commitments and proposed two options:

Option 1: consider not reducing registration fees for domestically produced and assembled cars;

Option 2: reduce 50% of registration fees for domestically manufactured and assembled cars for 6 months as per Decree No. 41/2023/ND-CP dated June 28, 2023.

Based on the analysis and disadvantages of each option, the Ministry of Finance proposes that the Government implement option 1.

Recently, Vietnam has received many requests to explain its policy when there is a distinction applied between domestically produced and assembled cars and cars imported from countries that do not have domestic production and assembly activities in Vietnam.

The Ministry of Finance said that Vietnam explained the reason for issuing this measure is to help domestic automobile manufacturers overcome difficulties, especially after the Covid-19 pandemic. This is a temporary measure, only implemented for 6 months and will expire in December 2023.

Source: https://www.congluan.vn/can-nhac-khong-giam-50-phi-truoc-ba-voi-o-to-lap-rap-trong-nuoc-post303766.html