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Friday, July 19, 2024

Vietnam Register proposes 26-28% increase in inspection fee

By N. Tan

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HCMC – Vietnam Register has proposed the Ministry of Transport raise the auto inspection fee by 26-28%.

The proposed fee increase is based on the updated price constituents of the calculation methods stipulated in Circular 238 issued by the Ministry of Finance.

Vietnam Register argued that auto inspection services should be regulated by market forces, meaning that a fixed fee should not be applied to all auto inspection facilities nationwide.

Costs of price constituents, such as land rent, labor cost, asset amortization and depreciation and management fees, vary in different areas and regions. Vietnam Register said that the Government-regulated auto inspection fee is no longer suitable due to the increasing involvement of the private sector in the field.

To ensure compliance with the amended Pricing Law, effective from July 1, 2024, Vietnam Register proposed that relevant ministries establish an auto inspection fee cap for Government approval.

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