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Regulations on foreign investment in travel service business

Travel service business is the construction, sale and implementation of part or all of the tour program for tourists. In particular, international travel service businesses serving international tourists to Vietnam have rights and obligations such as: assisting tourists with entry, exit, transit, and customs procedures.

Using international tour guides to take tourists abroad under travel contracts; be responsible for the tour guide's activities during the time of taking tourists abroad. Foreign investors are allowed to contribute capital with Vietnamese partners to establish a travel service business in accordance with Vietnamese law and international treaties to which the Socialist Republic of Vietnam is a signatory.

Internet source illustration

Carry out the procedures for dossiers, order, procedures and competence for granting, re-granting, renewing and withdrawing travel service business licenses for foreign-invested enterprises in accordance with regulations. . Foreign-invested enterprises providing travel services have the prescribed rights and obligations.

The deposit level for domestic travel services business is one hundred million VND, for the international travel service business deposit level for travel service business for international tourists to Vietnam is two hundred fifty million dong. Travel service business for tourists going abroad is five hundred million VND.

Business travel services for international tourists to Vietnam and tourists abroad: is five hundred million dong. Enterprises make deposits in Vietnam dong at commercial banks, cooperative banks or branches of foreign banks established and operating in Vietnam and enjoy interest rates as agreed upon between the enterprise and the bank. receive deposits in accordance with the provisions of law. The deposit must be maintained for the duration of the tour operator business.

Internet source illustration

Compared with this regulation, enterprises providing travel services for international tourists to Vietnam make a deposit with the deposit amount of two hundred and fifty million dong. shall be fined according to specific regulations: a fine ranging from VND 40.000.000 to VND 50.000.000 shall be imposed for one of the acts such as not buying insurance for tourists during the implementation of the tour program as prescribed. Do not use services provided by organizations and individuals on the list of organizations and individuals that fully meet the safety measures for tourists as prescribed.

Using tour guides who provide and introduce information to tourists that distorts history, culture, and national sovereignty. Fine from 50.000.000 VND to 60.000.000 VND for one of the following acts such as using a person without a tour guide card to guide tourists, using a person with a tour guide card pretend to be a guide for tourists.

Fine from 60.000.000 VND to 70.000.000 VND for one of the following acts: failure to comply with regulations on deposits for travel service business; Failure to replenish the used deposit amount according to regulations; Using a person in charge of travel services who does not meet the prescribed conditions. Comparing with this regulation, businesses providing travel services for international tourists to Vietnam who deposit deposits that do not meet the prescribed level will be administratively handled with a fine from 60.000.000 VND to 70.000.000 VND. XNUMX VND.

A maximum fine of up to 140.000.000 VND may be imposed. Travel service businesses for international tourists who come to Vietnam to deposit an incorrect amount will also be deprived of the right to use the license to provide travel services. Warranty from 06 months to 12 months.

In addition, Vietnamese partners participating in investment: Vietnamese enterprises with international travel business licenses are only allowed to organize tours for foreign tourists entering Vietnam and domestic tourism in Vietnam. Vietnamese tourists are not allowed to go abroad.

For travel agency services, foreign investors are only allowed to sell tour programs of travel businesses to tourists to enjoy commissions; not organize the implementation of the tour program.

The person in charge of the travel service business must have a college degree or higher, majoring in travel; If you graduate from a college or higher in another major, you must have an international tourism management certificate. Specialization in travel includes majors such as: tourism and travel service management; travel management, tour operator; tourism marketing; tourism; travel tourism; tourism business and management; MICE tourism management; travel agency; Tourguide./.

Vuong Thanh Tu

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