MoF considers withdrawing 50 per cent car registration fee reduction proposal

Previously, the MoF has three times reduced car registration fees for domestically produced and assembled cars in 2020, 2021 and 2023.— Photo chinhphu.vn

HÀ NỘI — The Ministry of Finance (MoF), in its latest submission to the Government, has proposed a plan to consider not reducing registration fees for domestically produced and assembled cars.

The MoF sent the Ministry of Justice a dossier for appraisal of the draft Decree stipulating registration fee rates for domestically produced and assembled cars. Accordingly, basically, the units agree with the draft decree.

Three ministries, including Ministry of Planning and Investment, Ministry of Justice, and Ministry of Industry and Trade, are concerned that this proposal will violate international commitments, leading to the risk of sanctions or retaliation from countries to which Việt Nam exports goods and needs to develop a plan to proactively respond.

To respond to the violation of international commitments as stated by the ministries, the MoF has submitted to the Government to assign the Ministry of Industry and Trade to preside over and co-ordinate with relevant agencies to review and develop a response plan in case Việt Nam is sued for violating international commitments.

Previously, the MoF had three times reduced car registration fees for domestically produced and assembled cars in 2020, 2021 and 2023.

Each registration fee reduction for domestically produced and assembled cars lasts six months. — VNS