One of the first private yachts imported into this new era was a Sunseeker 60 in 2007. However, with high taxes for private ownership
To the delight of many, Vietnam is now a hotspot for pleasure-boating development. Vietnam’s interest in yacht ownership, charter and infrastructure is on the rise. This follows a period where purchases were often made between would-be owners and brokers or manufacturers based regionally, or potentially even further away.
One of the first private yachts imported into this new era was a Sunseeker 60 in 2007. However, with high taxes for private ownership – comprising a 30 per cent luxury goods levy for private ownership, up to 10 per cent import tax (depending on the place of origin for the purchase), and VAT of 10 per cent – alongside strict qualification requirements for captains, and a dearth in berths, the uptake has been slow.
However, as Vietnam’s economy grows and global demand increases for recreational boating experiences at all levels of society, this could change significantly over time.
International brands’ yachts are beginning to make inroads into the Vietnamese marketplace, with marinas and boat shows being planned.
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