From July 1st, 36 fees and charges will be reduced by 10-50%.

On June 28, the Ministry of Finance issued Circular No. 43/2024/TT-BTC stipulating the rates of certain fees and charges to further alleviate difficulties and support production and business activities.

Accordingly, the Circular stipulates that from July 1, 2024 to December 31, 2024, the rates for certain fees and charges are as follows:

A 50% reduction in fees for issuing licenses for the establishment and operation of banks (the fee rate is 50% of the fee rate stipulated in point a, Section 1 of the Fee Schedule in Clause 1, Article 4 of Circular No. 150/2016/TT-BTC regulating the fee rates, collection and payment regime for issuing licenses for the establishment and operation of credit institutions; licenses for the establishment of branches of foreign banks, representative offices of foreign credit institutions, and other foreign organizations engaged in banking activities; and licenses for providing payment intermediary services to non-bank organizations).

50% reduction applies to: Citizen Identity Card issuance fees; fees for issuing licenses for the establishment and operation of non-bank credit institutions; fees for filing applications for intellectual property protection; fees for issuing certificates of practice for industrial property representatives, publishing and registering industrial property representatives; fees for assessing the content of non-commercial documents for publishing licenses; fees for licensing the import of non-commercial publications; fees for registering the import of publications for commercial purposes...

In addition, a 50% reduction applies to: Fees for appraisal and approval of fire prevention and fighting design; Fees for issuing licenses for sending workers abroad for fixed-term employment; Industrial property fees; Fees for using railway infrastructure; Fees for appraisal and issuance of licenses for international and domestic travel services; Fees for appraisal and issuance of tour guide cards…

In this Circular, the Ministry of Finance also reduced many fees and charges by 10-30%, such as: Fees for appraisal and issuance of certificates, licenses, and permits in civil aviation activities; fees for issuing permits to enter and exit restricted areas at airports; fees for entry and exit at airports for foreign flights to Vietnamese airports; and customs fees for foreign flights to Vietnamese airports.

For the securities sector, a 50% reduction in fees and charges (excluding two fees and charges: the fee for issuing new, renewing, or reissuing certificates of securities practice for individuals practicing securities at securities companies, securities investment fund management companies, and securities investment companies; and the fee for supervising securities activities...).

From January 1, 2025 onwards, the rates of fees and charges stipulated in the above-mentioned Table shall be implemented according to the regulations in the original Circulars, Circular No. 63/2023/TT-BTC and any amending, supplementing or replacing Circulars (if any).

This Circular is effective from July 1, 2024 to December 31, 2024.

This is the fourth time, within its authority, the Ministry has issued a Circular stipulating a reduction in fees and charges ranging from 10% to 50%. The expected impact is a reduction in budget revenue of approximately 700 billion VND.

Over the past four years, the Ministry of Finance has focused on implementing decisive and comprehensive fiscal policy solutions, which have had a positive impact in supporting businesses and people to stabilize production and business activities, helping people's lives return to normal, contributing to macroeconomic stability, and creating favorable conditions to promote economic recovery and growth.

According to the Communist Party of Vietnam

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