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Ministry urges relevant authorities to slash fees on enterprises

Tu Hoang
Wednesday,  Sep 13,2017,18:37 (GMT+7)
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Ministry urges relevant authorities to slash fees on enterprises

Tu Hoang

HANOI – The Ministry of Finance has urged relevant ministries and agencies to slash numerous public service-related fees in a bid to help enterprises cut costs. The ministry has also proposed amendments to relevant circulars to help enterprises ride out of the current difficulties.

The move, together with a recent directive by the Prime Minister asking ministries and agencies to refrain from hiking fees this year, is seen as a fresh impetus to spur corporate development.

According to the Finance Ministry’s proposal, fees will be slashed across the board, benefiting enterprises in all spectrums of the economy. While certain fees are to be reduced by 5% to 20%, some are proposed to go down by half or even over 80%.

Specifically, the ministry suggests a reduction of protection fees on forestry tree seedlings by 10-20%, a reduction of 5% on evaluation fees for issuance of certificates for imported aquaculture materials, and a decline of 5.6% on fees for evaluating the issuance of aquaculture material circulation certificates for re-registration or renewal.

The ministry also demands reducing the fees for examining the conditions for running business in the food safety sector, and the fees on appraising contents of film scripts, contents of advertisements relating to food, food additives and food-processing auxiliaries in the healthcare sector by 10% to 83%.

The ministry suggests charges for new business registrations, and business registration certificate adjustments and business registration certificate issuance be halved from VND200,000 to VND100,000 each.

In addition, the ministry suggests the charge for providing companies with subscribed information be lowered from VND5 million to VND4.5 million for 125 documents or above per month. The fees for checking all fire extinguishing agents and materials, fireproof materials, personal protective gear and equipment, and life-saving means should be cut by 20% to 50%.

In addition, the Finance Ministry suggests slashing 10% of the fee for notarization of contracts for buying and selling property at auction, the fees for verification of qualifications for running notary offices, the fees for verification of eligibility for operating a private notary office and charges for processing of applications for notary card.

The Ministry also proposes slashing 5% of fees for appraising conditions in the business of technical safety standards verification; and training on occupational safety and hygiene.

Prime Minister Nguyen Xuan Phuc earlier asked ministries and agencies to delay their planned hikes in fees and charges within this year, according to Resolution 75/NQ-CP adopted at the Government’s regular meeting last month.

Of which, the Ministry of Finance is told to coordinate with relevant ministries, sectors and localities whose agencies and units provide public services and collect charges and fees to agree on reduction levels for enterprises’ expenses and submit them to competent authorities for approval.

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