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Thursday, July 18, 2024

Ministry proposes fee and charge cuts for various activities

By N. Tan

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HCMC – The Ministry of Finance has proposed lowering fees and charges by between 10% and 50% for various activities in the second half of this year.

The ministry is seeking feedback for a draft circular on fee and charge reductions to relieve the financial burden on businesses and households, reported the Vietnam News Agency.

If the proposal is passed, fees and charges on securities trading-related activities, the issue of licenses for international travel service businesses and citizen ID cards, and industrial property will be halved from July to the end of the year.

The reductions for other activities will range from 10% to 50%.

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