Increased driving license test fees, new regulations on importing goods for printing and minting money

Some prominent economic policies such as: Regulations on currency exchange operations of bordering countries, increased driver's license testing fees... will take effect from August 2023.

Thông tư 37/2023/TT-BTC: Tăng phí thi sát hạch lái xe từ ngày 01/8/2023. (Nguồn: VGP News))

One of the prominent economic policies is that the driving test fee will increase from August 1, 2023 according to Circular 37/2023/TT-BTC. (Source: VGP News))

Regulations on currency exchange activities of bordering countries

The State Bank of Vietnam (SBV) has just issued Circular 04/2023/TT-NHNN, effective from August 1, 2023, regulating the activities of currency exchange agents in bordering countries.

The Circular stipulates that currency exchange agents of bordering countries located in exit waiting areas at international border gates and main border gates are allowed to sell currency of bordering countries in cash to foreign individuals who have completed exit procedures.

In case of selling currency of a bordering country with a value equivalent to 20 million VND or less, the currency exchange agent of the bordering country shall require the individual to present exit documents in accordance with the law on exit of foreigners.

In case of reselling currency of a bordering country with a value equivalent to over 20 million VND to an individual who has exchanged currency of a bordering country, the currency exchange agent of the bordering country shall request the individual to present exit documents in accordance with the provisions of law on exit of foreigners, and the invoice (receipt) of the currency exchange with the stamp of a licensed credit institution or currency exchange agent of the bordering country.

Increase driving license test fees

Circular No. 37/2023/TT-BTC, effective from August 1, 2023, has adjusted the driving test fee higher than current regulations.

Accordingly, the driving test fee for driving tests for classes A1, A2, A3, A4 includes: theoretical test is 60,000 VND/time, an increase of 20,000 VND compared to the old level; practical test is 70,000 VND/time, an increase of 20,000 VND.

For the driving test for cars of class B1, B2, C, D, E, F, the theoretical test fee is 100,000 VND/time, an increase of 10,000 VND; the practical test in the picture is 350,000 VND/time, an increase of 50,000 VND; the practical test on the road is 80,000 VND/time, an increase of 20,000 VND; the driving test using software simulating traffic situations is 100,000 VND/time.

New regulations on importing goods for printing and minting money

The State Bank of Vietnam issued Circular 07/2023/TT-NHNN dated June 30, 2023 amending and supplementing a number of articles of Circular 38/2018/TT-NHNN regulating the import of goods for the printing and minting of money by the State Bank of Vietnam. Circular 07/2023 takes effect from August 14, 2023.

The State Bank regulates the investment and purchase of goods serving the State Bank's money printing and minting activities to carry out the import of goods.

The Governor of the State Bank of Vietnam authorizes the Director of the Issuance and Treasury Department to issue a document confirming that the printing and minting establishment imports goods to serve the printing and minting activities of the State Bank of Vietnam according to the goods purchase and sale contract or other forms of documents between the printing and minting establishment and the goods supplier.

Regulations on foreign loan conditions not guaranteed by the Government

The State Bank of Vietnam issued Circular 08/2023/TT-NHNN dated June 30, 2023 regulating conditions for foreign loans not guaranteed by the Government.

Accordingly, the subjects subject to the provisions on foreign loan conditions not guaranteed by the Government include: residents who are enterprises, cooperatives, cooperative unions, credit institutions and foreign bank branches established and operating in Vietnam as foreign borrowers (borrowers); credit institutions and foreign bank branches in Vietnam where borrowers open foreign loan and debt repayment accounts (banks providing account services).

Borrowers borrowing from abroad in the form of issuing international bonds, in addition to meeting the conditions for borrowing from abroad without government guarantees, must comply with the provisions of law on offering corporate bonds to the international market and other relevant provisions of law.

The borrower is a state-owned enterprise, in addition to meeting the loan conditions, must comply with the provisions of law on management and use of state capital invested in production and business at the enterprise and other relevant provisions of law.

This Circular takes effect from August 15.

Source