Warburg Pincus eyes participation in Vietnam International Finance Centre
Global private equity firm Warburg Pincus is keen on participating in the Vietnam International Finance Centre, according to a conference held on March 23.
Finance Ministry proposes 50% cuts in various fees and charges
(TBTCO) - To assist individuals and businesses, the Ministry of Finance (MoF) has proposed reducing by 10% to 50 % of fees and charges in the securities sector, appraisal of international travel business licenses, issuance of citizen identification cards, and so on. The reductions would be in effect till 31 December 2023.
Notably, the MoF has proposed halving a variety of fees and charges, effective from July 1, 2023, to the end of December 2023. Details are as follows:
 |
| Have some fees and charges in the securities sector |
Regarding the securities sector, the new fees and charges will be lowered by half compared to the prescribed rates in the fee schedule in the securities sector as stipulated in Circular No. 25/2022/TT-BTC, which governs the collection, payment, management, and use of fees in the securities sector. This excludes fees for supervision of securities activities and fees for new issuance, renewal, and re-issuance of certificates for individual securities practitioners at securities companies, securities investment fund management companies, and securities investment companies.
| The estimated worth of fee and charge cuts is about 700 billion VND The MoF proposes to exempt, reduce, and extend taxes, including 35 types of fees and charges with significant remissions, to support individuals and businesses. The reduction in budget revenue from fee and charge cuts is expected to be around 700 billion VND./. |
Concerning the appraisal fees for granting business licenses for international and domestic travel service businesses, the new fees will be cut down by 50% of the fee rates prescribed in Clause 1, Article 4 of Circular No. 33/2018/TT-BTC regulating the fee, payment, and management of appraisal fees for granting licenses in this field. This particularly includes licenses for international travel services, licenses for domestic travel services; appraisal fees for granting tourist guide cards; licenses for the establishment of a representative office in Vietnam for foreign travel service businesses.
Furthermore, the registration (confirmation) fee for using a foreign barcode will be reduced by half compared to the previous fee rates specified in Clause 2, Article 4 of Circular No. 232/2016/TT-BTC, which governs the fee collection, payment, management, and use of fees for issuing barcodes.
In terms of industrial property fees and charges, the new fees and charges will be halved compared to the specified fee rates in Section A of the tariff of industrial property fees and charges promulgated in conjunction with Circular No. 263/2016/TT-BTC governing the collection, payment, management, and use of industrial property fees and charges.
In addition, several other fees and charges have been proposed to be decreased by half, including those for granting licenses for sending employees abroad to work under contracts; for the appraisal and approval of fire prevention and firefighting designs; for issuing citizen identification cards; for livestock, etc.
From January 1, 2024, the aforementioned fees and charges will revert to the original circular's provisions./.
Bài liên quan
Dành cho bạn
Đọc thêm
Novatek eyes expanded LNG cooperation in Vietnam
As Vietnam races to secure its energy future and meet the demands of its surging economy, a new partnership with a Russian energy giant is taking shape, signalling a deepening of the nations' long-standing ties.
EU to mobilise over $1 billion for major infrastructure projects in Vietnam
The European Union has launched a $46.4 million Sustainable Transport Development Fund to support large-scale infrastructure projects in Vietnam, with plans to mobilise additional financing from banks and private partners.
NIC partners with TU Berlin to boost Vietnam innovation ties
The National Innovation Centre has partnered with a leading technical university in Berlin to strengthen innovation and startup linkages between Vietnam and Germany.
ACB proposes $20 million non-life insurance subsidiary
Southern lender ACB has unveiled a formal proposal to establish a non-life insurance subsidiary as part of a strategic pivot to evolve into a comprehensive financial services provider by 2030.
New regulations create more transparent corporate bond market
A new draft decree on corporate bonds seeks to enhance transparency, tighten accountability, and strengthen oversight to rebuild investor confidence, and support capital market development.
Visa launches contactless payment system across Hanoi metro network
A fully interoperable open-loop payment system has been launched across Hanoi's metro network, enabling Visa cardholders to tap and go on all metro lines in Vietnam.
Russia to build 2,400 MW nuclear plant in Vietnam under new deal
An intergovernmental agreement on cooperation to build the Ninh Thuan 1 Nuclear Power Plant in Vietnam has been signed during Prime Minister Pham Minh Chinh's official visit to Moscow.
