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Monday, June 17, 2024

Nearly 14,000 autos to retire in 2024

The Saigon Times

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HCMC – Vietnam is on the verge of a significant change in its automotive landscape as it prepares to retire almost 14,000 vehicles starting from January 1, 2024.

This move comes after Vietnam Register released a detailed report listing vehicles that have reached the end of their authorized service life.

The nationwide total of 13,836 vehicles includes 7,108 passenger vehicles and 6,728 cargo carriers. Vietnam Register has shared this comprehensive list with key authorities, including the National Traffic Safety Committee, the Ministry of Transport, and central and local People’s Committees.

Leading the countdown is HCMC, with 3,449 vehicles set to be decommissioned in 2024, including 1,786 passenger vehicles and 1,663 cargo carriers. Hanoi follows closely behind, with 2,169 vehicles nearing retirement, comprising 1,018 passenger vehicles and 1,151 cargo units.

As per Government Decree 95/2019 and the Prime Minister’s Directive No. 29, Vietnam Register will annually compile and distribute a list of vehicles approaching their service limits. This information enables local authorities to coordinate efforts in monitoring, control, and taking potential actions against vehicles still operating beyond their authorized timeframe.

Violators of the prescribed vehicle usage limits, as outlined in Decree 123/2021/ND-CP, will face fines ranging from VND4 million to VND12 million, along with the possibility of vehicle confiscation and a suspension of driving licenses for a period of one to three months.

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