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Importing a Vehicle into Vietnam you have to consider the following things:
1. Vietnamese people residing overseas who are permitted to repatriate.
2. Vietnamese citizens who are sent by the State bodies (National Assembly, Government, Supreme People’s Procuracy, Supreme People’s Court, Ministries, ministerial-level agencies, People’s Committees of provinces and centrally-run cities) to carry out assignment, to work, or to act as specialists in foreign countries for a period of at least three years (excluding research students, apprentices, and undergraduates studying abroad, and employees).
3. Each of the above-said subjects is permitted upon repatriating or returning home at the end of his/her term of office to import one car which is his/her personal property being used overseas.
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Rules & Regulation Required for Importing Cars in Vietnam
1. An imported car must have the left-handed steering wheel and be manufactured within 5 years up to the time of importation. The car’s engine must be possible to use unleaded petroleum.
2. The delivery of the car to Vietnam shall be carried out before the eligible subject performing exit procedures in the country where he/she is residing.
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Documents required for importing vehicle into Vietnam:
1. A written request for import certified by the local authority or the competent agency.
2. Decision of the State body permitting the repatriation or sending a person to go abroad on assignment or on business.
3. Passport
4. Car registration paper issued by the competent authority of the local country at least six months before the date of returning home.
5. Car License
6. Bill of lading (B/L)
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Customs Duties and tax on Vehicle Import in Vietnam
1. Charges on importing cars will be reduced to between 47%-70% depending on vehicle engine sizes from 90% now.
2. Vietnam has 11 years to complete the tariffs reduction program. The new tariffs will be for an engine less than 1.5 liters, 47%: 1.5-2.0 liters, 52%; 2.0 liters under 3.0 liters, 58%; 3.0 liters and more, 70%.
3. Vietnam will allow the import of motorbikes with a capacity of more than 175 cubic centimeters on July 31, 2007.
4. Vat paid is to be 10%.
5. car seats or 5 (including driver) used a cylinder capacity below 1,000 cc to pay import tax is absolutely USD 3500 / unit; from 1.000cc and under 1.500cc pay $ 8,000 / unit; 2.000cc from 1.500cc to pay $ 12,000 / unit; on 2.000cc to under 17,000 pay 2.500cc per unit; 3.000cc from 2.500cc to pay 18,000 per unit; on 3.000cc 4,000 cc to pay $ 20,000 / unit; on 4.000cc to 5.000cc filed 26,400 per aircraft and the type of old car import capacity cylinder 5.000cc tax on imports absolute $ 30,000 / unit.
6. Passenger cars of 16 seats or more (including driver) heading 8702 and goods transport vehicles with total weight not exceeding 5 tons load of heading 8704 tax rate applies preferential import 150 %.
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