Wednesday , July 6 2022

Is VinFast expensive or cheap?


"Pump" the price of the VinFast car

"It's similar to Fadil Chevrolet Spark, Kia Morning, the price is $ 3,500, an equivalent $ 85 million, why not sell and sell more than 300 million?"

"Chevrolet Spark 2018 new $ 13,000. Fadil 2018 New Vietnam 19,000 USD. Where is it cheaper?"

That's a few comments to "reverse" the price of the car between VinFast's strong market support. VinFast Lux (sedan and SUV) and VinFast Fadil prices will be at the same price as VinFast. . expensive.

Model Lux A2.0 VinFast

Model Lux A2.0 VinFast

"The Kamry price sold in the US is more than 400 million. So why Lux2.0 VinFast priority price is 800 million still? This is ridiculous!" – Minh, architect Hanoi, miracles.

Nonetheless, experts in the world think that these questions are "ridiculous". According to a financial expert, the comparison between the price of the car and the car in the United States in Vietnam does not understand Vietnam's car taxes and charges.

For example, the price of 800 million dollars after the VinFast Lux A2.0 incentive is just a complex price for the product, tax, and sales cost. This price structure does not include the expense of bank interest, depreciation of the machinery of the factory, salaries, profits … according to the principle of ordinary finance.

After deducting the tax, VinFast Lux A2.0 was subject to a VND228 million euro VND800 million tax, VinFast only included VND571 million. With VinFast Fadil, the state-owned tax excise tax is about 87 million, the automobile company only sells 249 million cars. This story is like the price of VinFast Lux SA2.0 SUV.

Vinafast's Fadil city vehicle

Vinafast's Fadil city vehicle

This means that VinFast Fadil sells … About US $ 13,000 (about $ 300 million), and in the United States Fadil's 55% special sales tax applies in Vietnam, the price of the car is about 410 million, not 370 million Vietnamese consumers.

According to experts, if car prices are sold in Vietnam at the same time and compared to VinFast, especially by car with the same car in the country, not only compare dirty taxes but also prices.

The amount of the annual budget will be paid, only the intermediary of the transport provider. And whether VinFast or any car company should accept this amount at the sale price. As a result, United States import cars will be sold at prices that exceed the United States market price.

Additionally, 10% import duty – 25% depending on the type. Although VinFast targets up to 60%, in the initial phase, 20 to 30 thousand components of each vehicle need to be imported, since there are no locating paths. it gets a sudden way.

Currently, all of VinFast Lux's components are now top-quality, very high-priced components, most of them equipped with BMW providers, so the comparisons are much thicker with the models below!

What are car rental costs in Vietnam?

In the world, the car is divided into three groups: height, medium and low. Vietnam is a high tax group with 15 taxes and liabilities.

Indeed, Vietnam cars are in the category of luxury goods, with special sales tax with 35% and 60%. It is the next import tax. Homemade vehicles are manufactured and assembled as components and accessories imported into the accessories unit, which are subject to import duties, subject to import fees and up to 70% of the vehicles that are outside the ASEAN.

VinFast Lux SA2.0

VinFast Lux SA2.0

Specifically, the tax tax applies to cars, which is the new tax on the price of cars and the old taxes: import tax, special taxes and the last VAT. Therefore, the same price in Vietnam is double, although in other countries the prices were three times.

In the United States, for example, the total car tax will be less than $ 9,000, CBU import taxes will be around 6% and cars will not be charged for traffic taxes. In Thailand and Indonesia, there is a policy that encourages the use of small cars, therefore, they have small taxes, only 3% and 10%. Meanwhile, the smallest tax rate in Vietnam is 35%, the tax rate on excess tax, while Vietnam's and Vietnam's prices are much higher, although there are three high-income tax groups.

According to experts, Vietnam's production cost nowadays, taxes and fees are 45%, 55%, the rest is the cost of production vehicles. However, this cost is 20% higher than in other regions, because Vietnam imports 80% of its components.

That is why Vietnam wants to buy a "real" car in Vietnam with the price … The US is not "thinking" because it imposes tax burdens of 35-60%. For this reason, VinFast aims to increase its localization rate to 60% in the future, as the car will become increasingly competitive.

That is why, according to experts, consumers should be wise to compare them, they must be in the same frame of reference, quality, class, and sell themselves in the Vietnamese market due to tax rates.


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