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Photo by Phuong Lam. |
In late June, the Ministry of Finance issued Decision 2226, which introduced an adjusted and supplemented registration fee calculation table for a range of automobiles and motorcycles in Vietnam.
The decision took effect immediately from June 30, adjusting and supplementing the registration fee prices for nearly 450 automobiles and motorcycles, including both imported and domestically assembled vehicles.
Among them, 323 car models had their registration fee calculation prices adjusted, mainly comprising passenger cars with fewer than nine seats.
The update and adjustment by the Ministry of Finance also included 24 imported electric car models and 26 domestically produced and assembled electric car models. However, all electric cars in Vietnam have recently been granted an extension for full exemption from this registration fee, which will conclude on February 28, 2027.
The adjusted catalog also revealed a “mysterious” model bearing the BYD brand, referred to as the BYD King DM-i in the Ministry of Finance’s decision. This vehicle has a registration fee calculation price of 840 million VND.
According to Tri Thuc – Znews‘s understanding, BYD King is a C-segment sedan from the Chinese automotive brand, positioned below the BYD Seal and utilizing a plug-in hybrid powertrain. Currently, BYD has not disclosed any information regarding the potential launch of the BYD King in Vietnam.
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BYD may be preparing to introduce the C-segment sedan, BYD King, in Vietnam. Illustration: Motor1. |
A total of 123 motorcycles had their registration fee calculation prices adjusted and updated per Decision 2226, including 53 imported and 70 domestically assembled units.
Notably, the catalog also disclosed the price of the Honda CUV e: at 158.6 million VND. Presently, the Honda CUV e: is one of the two electric motorcycle models that Honda is extensively introducing to the general consumer market in Vietnam.
Unlike the Honda ICON e:, which is available for purchase with a starting price of 26.8 million VND, the Honda CUV e: is only offered through a leasing program. For details on the Honda CUV e: leasing package, please refer here.
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