Proposal for fee

Employees of an ETC service provider is helping a vehicle driver to deposit money into his traffic account. Nguyen Van H from District 7 of Ho Chi Minh City informed that when transferring VND200,000 (US$8.5) from Citibank to ePass app to pay toll at collection booths, he is charged a service fee of VND6,000 ($0.26). Similarly, L.N.N. from District 12 is charged VND10,000 ($0.43) when transferring VND1 million ($42.7) from Agribank to VETC app for toll payment. A money transfer of VND200,000 ($8.5) from the e-wallet Momo also costs a fee of VND3,000 ($0.13). She annoyingly said that this fee, despite being a tiny sum, is still higher than the fee to transfer money between banks, which is normally free of only VND1,000 ($0.04). Only a minor quantity of banks like BIDV now allows this money transfer to ETC apps free of charge. To encourage cashless payment, recently, various e-wallet companies like Momo, Grab have run promotion campaigns. With each customer depositing a few … [Read more...] about Service fee for money transfer to ETC accounts should be exempted, reduced

Textbooks will be bought by the national budget before being lent to needy students. A draft resolution of the Government to adjust the road map, certain regulations for the school fees at primary and secondary levels will be co-prepared by MoET, the Justice Ministry, the Finance Ministry, and the Ministry of Labor, War Invalids and Social Affairs after reviewing and handling any matters within their power. This resolution should be timely and consistent with the socio-economic situation of Vietnam as well as complying with the applicable law. Regarding the plan to use the national budget to purchase school textbook and then lend them to needy students, MoET should cooperate with the Finance Ministry to urgently complete necessary documents, which will then be submitted to the Government for approval to be launched right in the next academic year of 2022-2023. In 2021, the Government released Decree No.81/2021/ND-CP on tuition fees of education institutions affiliated to … [Read more...] about Draft resolution on textbook, school fee urgently prepared for next school year

The Acceptance Council has approved the completion acceptance results of the investors to put the Trung Luong - My Thuan Expressway project into operation and use according to the approved design. (Photo: SGGP) On the same day, the People's Committee of Tien Giang Province will meet with departments and agencies to review the entire content of the acceptance document. After that, they will discuss the toll collection plan for Trung Luong - My Thuan Expressway project. Accordingly, the Acceptance Council has approved the completion acceptance results of the investors to put the Trung Luong - My Thuan Expressway project into operation and use according to the approved design. At the same time, the Acceptance Council suggested that Tien Giang Province soon study to find a solution to adjust the width and length of the current emergency stopping lanes to ensure this category functions effectively. After the project collects tolls, the People's Committee of Tien Giang Province … [Read more...] about Completion acceptance result of Trung Luong – My Thuan Expressway approved

The Ho Chi Minh City tourism department is seeking feedback on a proposal to impose a small ‘tourism tax’ on visitors for each night spent in the city. Money raised from the proposed VND23,000 tax, equivalent to roughly one U.S. dollar, would be spent on improving the local tourism infrastructure, the department said in its proposition to the municipal administration. Inspiration for the tax came from revisions to the law on tourism, effective from January 2018, which will allow localities to create a fund for tourism development with revenues generated from tourists. The proposal has so far received positive feedback from local travel companies, who say the fee will be insignificant to tourists but will have huge upsides for Ho Chi Minh City’s tourism infrastructure and promotional opportunities. Tran The Dung, deputy director of The He Tre Travel, said it is a good idea to have a new source of capital, funded by tourists who enjoy services offered by the city. “The lack of … [Read more...] about ​Ho Chi Minh City mulls ‘tourism tax’ for overnight visitors

Deputy Prime Minister Vu Duc Dam suggests Ho Chi Minh City spend the city’s state budget buying 70 percent of textbooks for students ( Photo:  SGGP) On the afternoon of August 5, Deputy Prime Minister Vu Duc Dam led a delegation  working with Ho Chi Minh City on the results of the performance of tasks in the first six months of the year and orientation towards the last six months related to science and culture - society. He expected the southern city to pilot some changes in the sectors of health, education, culture, and society. At the meeting, Vice Chairman of Ho Chi Minh City People's Committee Duong Anh Duc on behalf of Ho Chi Minh City People's Committee proposed many contents in various fields. Specifically, in the field of culture, sports and tourism, Ho Chi Minh City proposed the Government allow Ho Chi Minh City to apply the Investment Law under the method of public-private partnership (PPP) to select investors for the implementation of these projects. Furthermore, … [Read more...] about Deputy PM suggests HCMC spend city’s budget buying 70 percent of textbooks

The Government Office last week issued Dispatch No.4648/VPCP-KTTH to the Ministry of Finance (MoF) requiring it to continue proposing a reduction of taxes and fees related to fuel and consumption, especially those that can cause an increase in input costs for production and business. Rough waters remain in fuel price pressure “This aims to help reduce costs and selling prices of products in service of exports, production, and business, contributing to controlling inflation and supporting the government’s monetary policy in the short and medium term,” the dispatch stated. The MoF has also proposed to the government a plan to halve the preferential import tax for petrol and oil from the existing 20 to 10 per cent, in order to help reduce the prices of these items in the local market. Meanwhile, the Vietnamese government has also submitted to the National Assembly a plan on reducing the special consumption tax and VAT for October. According to the General Statistics … [Read more...] about Rough waters remain in fuel price pressure