36 Fees and Charges Cut to Stimulate Vietnamese Economy

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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.

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