As of January 1, 2026, Decree 360/2025/NĐ-CP, which details the implementation of certain provisions of the Special Consumption Tax Law issued by the Government, has officially come into effect. According to this decree, pickup trucks will see a significant price increase, while hybrid vehicles will become more affordable.
Reduced Special Consumption Tax for Hybrid Vehicles
Under the amended Special Consumption Tax Law, passed by the National Assembly on June 14, 2025, self-charging hybrid vehicles (HEV) will be subject to a special consumption tax rate of 70% compared to their gasoline counterparts. Previously, only plug-in hybrid vehicles (PHEV) were eligible for this preferential tax rate.
With the new special consumption tax rate, hybrid vehicles will become significantly more affordable. However, to qualify for the reduced tax, self-charging hybrid vehicles (HEV) must meet the condition that gasoline usage does not exceed 70% of the total energy consumption, as stipulated by the Government.
From January 1, 2026, hybrid vehicles in Vietnam will become more affordable thanks to special consumption tax incentives.
Application of Special Consumption Tax to Pickup Trucks
Also starting January 1, 2026, pickup trucks in Vietnam will be subject to the special consumption tax. Specifically, according to point d of the Special Consumption Tax Law, vehicles with engines seating fewer than 24 people, including: passenger cars; four-wheeled passenger vehicles with engines; pickup trucks for passengers; dual-cabin pickup trucks for goods; VAN cargo trucks with two or more rows of seats, featuring a fixed partition between the passenger and cargo compartments, are subject to this tax.
The tax rate for passenger pickup trucks will range from 35% to 150%, depending on the engine cylinder capacity. The corresponding rate for dual-cabin pickup trucks for goods ranges from 15% to 25%, also based on engine cylinder capacity. According to the roadmap, the tax rate for dual-cabin pickup trucks for goods will increase to 24% to 34% by 2029.
For passenger pickup trucks powered by batteries, the tax rate is 3% from January 1, 2026, and 11% from March 1, 2027. The corresponding rates for dual-cabin pickup trucks for goods powered by batteries are 2% and 7%.
Meanwhile, other electric passenger pickup trucks have a tax rate of 15%. The tax rate for other electric dual-cabin pickup trucks for goods is 10%.
| Goods/Services | Tax Rate (%) | |
| Passenger Pickup Trucks | Type with cylinder capacity up to 1,500 cm³ | 35 |
| Type with cylinder capacity from 1,500 cm³ to 2,000 cm³ | 40 | |
| Type with cylinder capacity from 2,000 cm³ to 2,500 cm³ | 50 | |
| Type with cylinder capacity from 2,500 cm³ to 3,000 cm³ | 60 | |
| Type with cylinder capacity from 3,000 cm³ to 4,000 cm³ | 90 | |
| Type with cylinder capacity from 4,000 cm³ to 5,000 cm³ | 110 | |
| Type with cylinder capacity from 5,000 cm³ to 6,000 cm³ | 130 | |
| Type with cylinder capacity above 6,000 cm³ | 150 | |
| Dual-Cabin Pickup Trucks for Goods | Type with cylinder capacity up to 2,500 cm³ |
– From 01/01/2026: 15 – From 01/01/2027: 18 – From 01/01/2028: 21 – From 01/01/2029: 24 |
| Type with cylinder capacity from 2,500 cm³ to 3,000 cm³ |
– From 01/01/2026: 20 – From 01/01/2027: 23 – From 01/01/2028: 26 – From 01/01/2029: 29 |
|
| Type with cylinder capacity above 3,000 cm³ |
– From 01/01/2026: 25 – From 01/01/2027: 28 – From 01/01/2028: 31 – From 01/01/2029: 34 |
|
| Battery-Powered Passenger Pickup Trucks |
– From 01/01/2026: 3 – From 01/3/2027: 11 |
|
| Battery-Powered Dual-Cabin Pickup Trucks for Goods |
– From 01/01/2026: 2 – From 01/3/2027: 7 |
|
| Other Electric Passenger Pickup Trucks | 15 | |
| Other Electric Dual-Cabin Pickup Trucks for Goods | 10 |
Special consumption tax rates for pickup trucks from January 1, 2026.
Thus, from 2026 onwards, pickup truck prices in Vietnam are expected to rise significantly. This is likely to have a considerable impact on the sales of pickup trucks in Vietnam.
The pickup truck segment in Vietnam currently includes models such as the Ford Ranger, Mitsubishi Triton, Nissan Navara, Isuzu D-Max, and Toyota Hilux. Among these, the Ford Ranger is the best-selling model with cumulative sales of 16,493 units. The corresponding figures for the Mitsubishi Triton, Toyota Hilux, and Isuzu D-Max are 3,724, 3,427, and 520 units, respectively. Sales figures for the Nissan Navara have not been disclosed.
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