New car number plates to cost up to VND20 mil

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License plates for cars with less than 10 seats that are not used for transport business will cost up to VND20 million under a new Finance Ministry regulation issued on December 21.

 

Cars with under ten seats in Hanoi and Ho Chi Minh City that are not used for passenger transportation business will have to pay VND20 million (US$1,026) for a new number plate.

 

HCMC authorities in March had suggested that the number plate fee be raised ten-fold from the current VND2 million, in an effort to reduce traffic congestion in the city.

 

The car number plate fees at other places range from VND200,000 to VND1 million.

 

Meanwhile, semi-trailer trucks in Hanoi and HCMC will be charged VND100,000-200,000 for the new plate while the same trucks elsewhere will pay VND100,000.

 

The ministry said the number plate fees for motorbikes will depend on the vehicle's value.

 

For motorbikes worth up to VND15 million, the number plate will cost VND500,000-1 million if they are registered in Hanoi and HCMC, and VND50,000-200,000 if they are registered elsewhere.

 

Number plates for motorbikes worth between VND15-40 million will cost VND1-2 million in Hanoi and HCMC and VND50.000-400.000 in other places.

 

For more expensive motorbikes, the number plate will cost VND2-4 million in Hanoi and HCMC, and VND50,000-800,000 in other localities.

 

Renewal of number plates will cost between VND50,000 and VND150,000 for cars and VND30,000 for motorbikes.

 

The regulation will take effect February 5, 2011.

 

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