Priced from an eye-watering RM 470k! Vietnam is first in Asia Pacific to launch FL5 2023 Honda Civic Type R

Hans · Oct 26, 2022 05:26 PM

Priced from an eye-watering RM 470k! Vietnam is first in Asia Pacific to launch FL5 2023 Honda Civic Type R 01

At today’s opening of the 2022 Vietnam Auto Show, Honda hosted the regional debut of the FL5 generation 2023 Honda Civic Type R. Vietnam is the first country in the Asia-Ocenia region outside of Japan to launch the latest iteration of Honda’s hallowed Type R model.

The Civic Type R had only gone on sale in right-hand drive Japan on 21-July 2022. Less than 3 months later, the left-hand drive Vietnamese market model is launched in Vietnam.

Priced from an eye-watering RM 470k! Vietnam is first in Asia Pacific to launch FL5 2023 Honda Civic Type R 02

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Honda Vietnam says the imported (CBU from Japan) Civic Type R is only available in ‘limited quantity’ but curiously, it is offering 5 colour options to customers - Championship White, Rallye Red, Racing Blue Pearl, Sonic Grey Pearl, and Crystal Black Pearl.

Offering this many colour option is unusual for a low volume car because the previous generation FK8 Civic Type R was sold in Malaysia with just one colour – Championship White.

Prices have yet to be announced but it is estimated to be around USD 100,000, which translates to an eye-watering RM 470,000, but that figure has been greatly inflated by our weak Ringgit, which is now at is lowest point in nearly 20 years.

Also read: Weak Ringgit to push up new car prices in Malaysia, regardless if it’s CKD or CBU

Priced from an eye-watering RM 470k! Vietnam is first in Asia Pacific to launch FL5 2023 Honda Civic Type R 01

If you were to use the exchange rate from our Ringgit's better time, it would translate to around RM 410,000. Like Malaysia, Vietnam also imposes very high taxes on imported cars – at 70 percent, much higher than Malaysia’s 30 percent.

However, Vietnam's excise tax is at a much lower 5 to 15 percent, versus Malaysia's 60 to 105 percent. So the nett result on inflated prices of imported cars is not too different from Malaysia.

The Vietnamese market Civic Type R makes 320 PS and 420 Nm (10 PS less than Japan, possibly related to fuel quality) from its 2.0-litre turbocharged 4-cylinder engine.

It comes with the full suite of Honda Sensing advanced driving aids, as well as 8 airbags, including knee airbags for both front passengers.

If you are wondering why Honda chose a market that sells only around half as many cars as Malaysia to host an Asia-Ocenia region debut, read the article linked below:

No longer a backwater country - Vietnam pip Thailand and Indonesia to host SEA launch of Civic Type R, world debut of Mitsubishi XFC Concept

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Hans

Head of Content

Over 15 years of experience in automotive, from product planning, to market research, to print and digital media. Garages a 6-cylinder manual RWD but buses to work.

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