Honda Vietnam will work with its agents nationwide to suggest ways to give the most satisfactory prices on several best-selling Honda vehicles to the customers.

This was revealed by Toshio Kuwahara, General Director of Honda Vietnam, following the recent increase in vehicle prices in the market.

The action was made after the Ministry of Finance added several new best-selling models of Honda motorbike into the updated list of auto and motorbike registration fees according to the ministry’s Decision 942/QD-BTC, in which the fee would be raised following the increase of the vehicles’ price in the market.

Kuwahara said several Honda agents had themselves increased the vehicles’ price, and so they were placed in the list.

The prices of Honda Air Blade, Vision, SH150i (CBS) and SH150i (ABS) have been increased since May 24 to VND45 million, VND36.6 million, VND101 million and VND114 million, respectively, up between VND7 million and VND22 million, compared with the previous prices.

With the new change, customers will also have to pay an additional significant amount of money as registration fee when they buy the vehicles.

The fee is 2 per cent of the motorbike value. As for motorbikes registered in the major cities, including Ha Noi, HCM City, Da Nang, Hai Phong and Can Tho and provincial cities and townships where provincial people’s committees base, the customers will have to pay registration fee worth 5 per cent.

According to regulations, the finance ministry has the right to adjust the calculation of registration fee following the market prices, not the price listed by the firm. The adjustment is expected to fix the price and prevent loss to the State budget, ensuring the equality of registration fees for vehicles among firms.

Kuwahara said the firm would make efforts to supply a stable volume of motorbikes to the market, as well as raise the products’ quality to meet the customers’ demand. – VNS