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Licence plate fees may rise 500% to deter car buying
The Ha Noi Taxation Department has proposed a fee increase on licence plates for personal cars with fewer than 10 seats to VND10 million ($480), a five-fold increase from the current level.
The fee to get licence plates for motorbikes could be up to VND4 million ($190), according to the proposal as well.
Director of the department, Phi Van Tuan, said that they were finishing the proposal for increasing relevant fees in the purchase of new vehicles and would present it at the next meeting of the municipal People's Council scheduled in early December.
He said this move aimed to limit the purchase of new personal vehicles, which along with other measures was expected to help ease the chronic traffic jam in the city.
The parking fees were also suggested to rise. The daily parking rates for motorbikes would increase by VND2,000. Regarding cars, people who parked at the four central districts of Hoan Kiem, Ba Dinh, Hai Ba Trung and Dong Da would face the greatest increase as the monthly parking charge could go up by 450,000 ($21). Chairman of the municipal People's Committee Nguyen The Thao said that there was no tool that was more effective than economic instruments and believed that the proposal would receive the public support. Before Ha Noi, HCM City was the first to propose a significant increase in the auto registration fees, to VND20 million ($960) and has been implementing it at the pilot level.
In the recent development, the Ministry of Finance has agreed with the Ministry of Industry and Trade to increase the registration fee (Another type of fee which is different from the licence plate fee) by 20 per cent, replacing the current level of 10 to 12 per cent. As of now, the number of cars in Ha Noi is estimated to peg at 380,000 – and the total number of motorbikes up to about 3.3 million.
vietnamnews
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