Bắc Ninh
Finance ministry cuts fees to aid businesses, citizens from July 1
In a move to ease burdens and bolster economic activity, the Ministry of Finance has announced reductions in fees and charges for various services.
The revised rates, outlined in a recently issued circular, will be effective from July 1 to December 31, 2024.
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The measures target a range of sectors, with significant reductions for business operations. Fees associated with establishing and running banks and non-bank credit institutions will see a 50% decrease.
Businesses will also benefit from a 50% cut in fees related to intellectual property protection. Citizens applying for new identity cards will enjoy the same discount.
Other sectors will experience reductions of 10-30%, including fees for getting licenses and permits for civil aviation operations, as well as entry and exit permits for restricted airport areas; and customs fees for foreign flights landing in Vietnam.
The securities industry will see a 50% reduction in most fees and charges. However, there are exceptions for licensing fees of securities professionals and supervision fees for securities activities.
This marks the fourth time the ministry has imposed fee reductions of 10-50%, which is estimated to have a budgetary impact of about 700 billion VND (29.1 million USD).
BAC GIANG - In the lychee season, along National Highway 31, the section from Kim street in Phuong Son commune to Bien Dong commune (Luc Ngan district), there are more than 10 lychee purchasing points named "Bang Thuy".
BAC GIANG – Since the beginning of this year, Bac Giang province has had 5 businesses earning revenue of over 15 trillion VND (636.4 million USD).
The Asian Development Bank (ADB) and Lien Viet Post Joint Stock Commercial Bank (LPBank) on June 12 signed a financing package of up to 80 million USD to expand access to finance for a women-owned small and medium-sized enterprises (WSMEs) project in Vietnam.
BAC GIANG - On June 5, the Bac Giang Provincial People's Committee (PPC) organized a meeting and dialogue with the business community in the province. The event was co-hosted by Le Anh Duong, PPC Chairman, Phan The Tuan, PPC Vice Chairman and Nguyen Cuong, Standing Vice Chairman of the Provincial Business Association.
Source: VNA
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