The Hanoi People's Committee issued a decision on October 15 revising parking charges for bicycles, motorbikes and cars at publicly funded roadside and pavement parking facilities.
Car parking fees will vary by location, with different rates for zones within Ring Roads 1, 2, 3 and 4 and other parts of the city. Central areas will face higher charges than outlying locations.
Under the new regulations, parking fees per session will rise by an average of 1.75 to two times, depending on vehicle type and location.
On 12 central streets, including Nguyen Xi, Dinh Le, Ly Thai To, Tran Hung Dao, Ly Thuong Kiet and Hai Ba Trung, hourly parking for cars with up to nine seats and trucks weighing under two tonnes will increase from VND 30,000 to VND 50,000 (USD 1.90), a rise of about 67 per cent.
The other streets covered are Hang Duong, Hang Dao, Hang Ngang, Hang Giay, Phu Doan and Quan Su.
Monthly overnight parking for these vehicles on other streets within and along Ring Road 1 will more than double, from VND 1.2 million to VND 2.5 million (USD 95).
Bicycle and motorbike parking charges will also rise across the city.
Daytime parking fees will double from VND 5,000 to VND 10,000 per session, while overnight charges will increase from VND 8,000 to VND 15,000.
Parking for a full day and night will cost VND 25,000, up from VND 12,000.
Monthly bicycle and motorbike parking fees in central urban areas will rise from VND 120,000 to VND 250,000, while charges elsewhere will increase to VND 200,000, compared with VND 120,000 previously.
The previous parking fee schedule was introduced in December 2017. City authorities said operating costs had since risen significantly, particularly for labour, insurance, equipment, management and technology.
Hanoi authorities said the revised fees were intended not only to reflect service costs but also to help regulate traffic demand.
Higher charges in central areas, where road space is limited and parking demand is high, are expected to influence motorists' choice of transport, parking locations and duration.
The city also aims to encourage the use of designated car parks and public transport while reducing prolonged roadside and pavement parking.
Parking operators have been instructed to comply with the new rates, maintain accurate records of vehicle numbers and occupancy, and fulfil tax obligations based on actual parking volumes and revenue.
