The Ministry of Finance in Vietnam recently announced a series of fee and charge reductions aimed at stimulating the country’s economy. These cuts will be effective from July 1, 2023, until the end of December 2023. The reduction in fees and charges is expected to provide relief to businesses and individuals. We list the respective reductions in fees and charges.
As part of a raft of policy initiatives to stimulate the Vietnamese economy, the Ministry of Finance announced at the end of June, that 36 administrative fees and charges would be cut by up to 50 percent. They are expected to stimulate the economy to the tune of VND 700 billion (US$42 million).
These cuts are detailed in Circular 44/2023/TT-BTC.
What fees and charges are being cut?
The reductions in fees and charges will benefit a broad range of sectors and industries, such as banking, construction, aviation, and food safety. These cuts are detailed in the table below. Further information can be found in the accompanying circulars.
Table of fees and charges reduced, July 1 to December 31, 2023
| Fee | Cut % | Circular/Decree | Details |
| Mining and environmental data access | 30 | 22/2020/TT-BTC | |
| Bank establishment | 50 | 150/2016/TT-BTC | Point a, Section 1, Clause 1, Article 4 |
| Non-banking credit institution establishment | 50 | Point b, Section 1, Clause 1, Article 4 | |
| Construction capacity certificates | 50 | 38/2022/TT-BTC | Clause 1, Article 4 |
| Construction practice certificate | 50 | Clause 1, Article 4 | |
| Construction investment project appraisal | 50 | 28/2023/TT-BTC | |
| Construction technical design appraisal fee | 50 | 27/2023/TT-BTC | |
| Construction estimates appraisal | 50 | ||
| International travel service business license | 50 | 33/2018/TT-BTC | Clause 1, Article 4 |
| Domestic travel service business license | 50 | Clause 2, Article 4 | |
| Assessment and issuance of tourist guide card | 50 | Clause 2, Article 4 | |
| Exploitation and use of water sources | 20 | 01/2022/TT-BTC | |
| Exploitation and use of hydro-meteorological information and data | 30 | 197/2016/TT-BTC | |
| Securities sector | 50 | ||
| Issuance, renewal, and re-issuance of securities practice certificates | 50 | 25/2022/TT-BTC | Point 15, Section I |
| Securities activity supervision | 50 | 25/2022/TT-BTC | Point 2, Section II |
| Appraisal of non-business documents for issuance of publishing licenses | 214/2016/TT-BTC | Clause 1, Article 4 | |
| Licensing import of non-commercial publications | Clause 2, Article 4 | ||
| Registration of import of publications for business purposes | Clause 3, Article 4 | ||
| Trade in restricted goods and services | |||
| Centrally run cities and areas of cities and towns directly under the province | 50 | 168/2016/TT-BTC | |
| In other areas | 50 | ||
| License to establish a Commodity Exchange | |||
| Centrally run cities and areas of cities and towns directly under the province | 50 | ||
| In other areas | 50 | ||
| Registration (confirmation) using foreign barcodes | 50 | 232/2016/TT- BTC | Clause 2, Article 4 |
| Industrial property | 50 | 263/2016/TT-BTC | |
| Airport and airport operation | 10 | 247/2016/TT-BTC | Article 4 |
| Airport/airport entry and exit fees for foreign flights | 10 | 194/2016/TT-BTC | Clause 1, Article 4 |
| Customs fees for foreign flights | |||
| Assessment and issuance of certificates, permits, and certificates in civil aviation activities | 20 | 193/2016/TT-BTC | Section VI, Part A |
| Security transaction registration for aircraft | 20 | Section VIII, Part A | |
| Registration for secured transactions | 20 | 202/2016/TT-BTC | Points c and dd, Section 1, Article 1 |
| Providing information on secured transactions by movable property (except for aircraft), ships | Section 2, Article 4 | ||
| Appraisal of business conditions in technical inspection of occupational safety; Occupational safety and hygiene training | 30 | 245/2016/TT-BTC | Article 1 |
| Issuance of operation permits to send workers to work abroad for a definite time | 50 | 259/2016/TT-BTC | Section 1, Article 4 |
| Verification of papers and documents at the request of domestic organizations and individuals | 50 | Section 3, Article 4 | |
| Granting protection titles and certificates of registration of industrial property rights transfer contracts | 50 | 207/2016/TT-BTC | Point 1, Section I |
| Filing an application for protection of intellectual property rights | 50 | Point 2, Section I | |
| Issuance of industrial property representation practice certificates, publication and registration of industrial property representation | 50 | Point 3, Section I | |
| Plant variety protection | |||
| Maintaining validity of plant variety protection certificates: From year 1 to year 3; from year 4 to year 6; from year 7 to year 9 | 20 | Point 3, Section III | |
| Maintaining validity of the plant variety protection certificate: From the 10th to the 15th year; from the 16th year to the end of the validity period of the Protection Certificate | 30 | Point 3, Section III | |
| Issuance of passports, travel documents, exit permits, AB time stamps | 20 | 25/2021/TT-BTC | Section I |
| Granting a license to manage firecrackers | 20 | 218/2016/TT-BTC | Section III, Article 1 |
| Licensing management of weapons, explosives, and combat gears | 20 | 23/2019/TT-BTC | Section IV, Article 1 |
| Handling independent claims of persons with related interests and obligations | 50 | 58/2020/TT-BTC | Point a Clause 2, Article 4 |
| Appraisal of dossiers for exemption in settlement of competition cases | 50 | Point b, Clause 2, Article 4 | |
| Inspection of fire prevention and fighting means | 50 | 02/2021/TT-BTC | |
| Appraisal and approval of fire prevention and fighting design | 50 | 258/2016/TT-BTC | Article 5 |
| Issuance of a citizen’s identity card | 50 | 59/2019/TT-BTC | Article 4 |
| Medical field | 50 | 11/2020/TT-BTC | Article 1 |
| Food safety | 10 | 67/2021/TT-BTC | |
| Appraisal of conditional business in the field of feed, environmental remediation products used in aquaculture | 10 | 284/2016/TT-BTC | Point 3, Section II |
| Using railway infrastructure | 50 | 295/2016/TT-BTC | Article 3 |
| Appraisal and grant of licenses to trade in civil cryptographic products and services; certificate of conformity with civil cryptographic products; certificate of conformity of civil cryptographic products | 50 | 249/2016/TT-BTC | Sections I and II |
| Livestock related | 50 | 24/2021/TT-BTC | |
| Issuance of certificates of quarantine of terrestrial animals and animal products; aquatic products imported, in transit, temporarily imported for re-export (including bonded warehouses), transferred from one border gate to another | 50 | 101/2020/ TT-BTC | Point 1, Section I |
| Issuance of veterinary service practice certificates | 50 | Point 2, Section I | |
| Animal quarantine (clinical inspection of poultry) | 50 | Point 1.4, Section III | |
| Issuance of certificates of technical safety and environmental protection for motor vehicles and special-use motorcycles | 36/2022/TT-BTC | ||
| Charges for the use of radio frequencies for the terrestrial mobile service | |||
| Terrestrial mobile telecommunications network for private messaging | 20 | 265/2016/TT-BTC | Point 3.1, Clause 3, Section II, Part B |
| Dedicated telecommunications networks using frequencies in the mobile service (including internal radio communication networks), trunked terrestrial mobile telecommunications networks | Point 3.2, Clause 3, Section II, Part B | ||
| Inland waterway reporting | 50 | 248/2016/TT-BTC | Point 3, Clause 1, Article 4 |
For support accessing these fee reductions, contact the Vietnam market intelligence and business advisory experts at Dezan Shira and Associates.
