Vietnam to triple car registration tax-dealers

Newswire

HANOI, July 30 (Reuters) - Vietnam will raise car registration taxes from next month to up to 15 percent, from 5 percent now, in an effort to reduce traffic congestion and fuel consumption, dealers said on Wednesday. They said the increase in taxes, approved on Tuesday, would be effective from August 14 for passenger vehicles with less than 10 seats. State media reported Prime Minister Nguyen Tan Dung signed the decision to raise the tax on Tuesday. The government was contemplating ...

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