The Ho Chi Minh City Department of Transport has completed a project imposing new charges on parking by motor vehicles on the municipality’s streets and sidewalks.

According to the proposed pricing scheme, the fees are higher and calculated in a different way from the present one: by the hour instead of day or night, with the parking payment rate increasing progressively as hours pass.

The maximum charge is VND40,000 (US$1.8) per hour, and reaches VND180,000 ($8) per turn for overnight parking, while the current charge is VND5,000 ($0.2) for one time of parking.

The suggested fees are 10 to 20 percent higher than those set by the city’s parking facilities, for instance, underground parking lots of commercial centers and skyscrapers.

The plan divides motor vehicles into two groups and treats them differently, the first consisting of vehicles with no more than nine seats and trucks weighing under 1.5 metric tons; and the second – vehicles with 10 to 16 seats and trucks weighing from 1.5 to 2.5 metric tons, which incur higher charges.

Parking in the more central areas, Districts 1, 3 and 5, requires more money than in Districts 10 and 11.

The project said that parking will be allowed in 35 streets, which will generate VND31 billion ($1.36 million) every month after the project has been implemented.

How to use and allocate the money collected will be decided by the Department of Transport and relevant bodies in the project.

The plan is due to try to obtain approval from the metropolis’s Vietnamese Fatherland Front before being presented to higher authorities.

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