Increase domestic air ticket price ceiling; Many incentives and support for investment in high-tech parks; Transferring power projects as public assets to EVN... are new economic policies that will take effect from March 2024.
Increase in domestic air ticket price ceiling
The Ministry of Transport has just issued Circular No. 34/2023/TT-BGTVT on amending and supplementing a number of articles of Circular No. 17/2019/TT-BGTVT promulgating price frames Passenger transportation services on domestic routes. Circular 34/2023/TT-BGTVT takes effect from March 1.
Accordingly, the Circular amends the price framework for basic economy class passenger transportation services. Flight routes with a distance of less than 500 km have a ceiling price of 1.6 million VND/ticket/way for socio-economic development routes and 1.7 million VND/ticket/way for other routes.
From March 1, 2024, increase the ceiling price of domestic air tickets. (Illustration)
The remaining flight groups are subject to a price increase of 50,000 - 250,000 VND/ticket/way compared to the old regulations, depending on the length of each route.
Specifically, for flights from 500 km to less than 850 km, the ceiling price is 2.25 million VND/ticket/way (old price was 2.2 million VND/ticket/way); Flight routes with distance from 850 km to less than 1,000 km have a maximum ticket price of 2.89 million VND/ticket/way (old price was 2.79 million VND/ticket/way); Flights from 1,000 km to less than 1,280 km have a ceiling price of 3.4 million VND/ticket/way (old price was 3.2 million VND/ticket/way) and routes with a distance of 1,280 km or more are 4 million VND. VND/ticket/way (old price was 3.75 million VND/ticket/way).
The maximum price includes all costs the passenger must pay for an airline ticket, minus value-added tax and fees collected on behalf of the airport (including passenger service fees and security assurance fees). passengers, luggage; service charges with additional items).
Many incentives and support for investment in high-tech zones
According to Decree No. 10/2024/ND-CP regulating high-tech zones, effective from March 25, there are many incentive and support policies investing in high-tech parks such as: Preferential policies and investment support for investment projects in high-tech parks; mechanism to encourage investment in construction and business of technical infrastructure; social infrastructure development policies to serve workers in high-tech zones; policies on high-tech research and development activities, high-tech incubation, high-tech business incubation and high-tech human resource training...
Investment projects and activities in technology parks are given priority to participate in training and labor recruitment support programs; Support research activities, high technology application, and technology transfer; Support the development of high-tech industries and high-tech development in agriculture; Supporting innovative businesses and creative small and medium-sized businesses; loan support and other support programs of the Government, ministries, branches and localities.
In addition, regarding the mechanism to encourage investment in construction and business of technical infrastructure, the Decree stipulates that the State encourages organizations and individuals with sufficient experience and capacity to participate in investment in construction and High-tech park infrastructure business, including: Construction investment and business of the entire high-tech park technical infrastructure system, or part of the technology park technical infrastructure system High.
Transfer of power works as public assets to EVN
Decree 02/2024/ND-CP dated January 10, 2024 on the transfer of power works as public assets to Vietnam Electricity Group (EVN). The Decree takes effect from March 1, 2024.
The Decree clearly states that projects transferred to Vietnam Electricity Group must fully meet the following conditions: In accordance with the electricity development planning and power supply network development plan in the provincial planning at the time. construction point or at the time of checking the current status of the electrical project for transfer; Meet relevant regulations and standards at the time of checking the current status of the electrical project for transfer; The power project is operating (being used to generate power, transmit power, and distribute power) normally at the time of checking the status of the power project for transfer; The electrical project is not in a state of mortgage, mortgage, guarantee or guarantee of any other debt obligations.
Fees for issuance of multi-level marketing registration certificates
On February 5, 2024, the Ministry of Finance issued Circular No. 09/2024/TT-BTC (Circular 09) regulating collection rates, collection and payment regimes, management and use of appraisal fees to issue multi-level marketing registration certificates. The Circular takes effect from March 21, 2024.
Specifically, Circular 09 applies to fee payers; organize fee collection; Other organizations and individuals involved in the collection, payment, management and use of appraisal fees for granting multi-level marketing registration certificates. The person paying the fee as prescribed in Circular 09 is the enterprise that submits the application for a certificate of registration of multi-level marketing activities.
According to Circular No. 09, the fee for appraisal and issuance of multi-level marketing registration certificate is as follows: For cases of new issuance or renewal of multi-level marketing registration certificate: 5 million VND /time appraisal; In case of amending and supplementing the certificate of registration of multi-level marketing activities, the fee is 3 million VND/time of appraisal.
Organizations collecting fees according to the provisions of this Circular, including: Ministry of Industry and Trade or state agencies under the Ministry of Industry and Trade assigned to evaluate dossiers for granting certificates of registration of multi-level marketing activities according to regulations under the law.
Fee collection organizations are allowed to set aside 90% of the collected fee amount to spend on appraisal and fee collection activities as prescribed in Clause 4, Article 1 of Decree No. 82/2023/ND-CP of the Government on amendments, Supplementing a number of articles of Decree No. 120/2016/ND-CP of the Government detailing and guiding the implementation of a number of articles of the Law on Fees and Charges; Pay 10% of collected fees to the state budget.
In case the fee collection organization is a state agency that is not eligible to allocate operating costs from the fee collection source as prescribed in Clause 3, Article 1 of Decree No. 82/2023/ND-CP, then pay the entire fee amount. included in the state budget. The source of costs to cover appraisal and fee collection activities is arranged by the state budget in the estimate of the fee collection organization according to the regime and state budget expenditure norms according to the provisions of law.
Sea dumping license fee
The Ministry of Finance also issued Circular No. 8/2024/TT-BTC dated February 5, 2024 regulating the collection and payment regime for sea dumping permits. This Circular takes effect from March 21, 2024.
This Circular regulates the rates, collection and payment regime for sea dumping permits, including: issuance, re-issuance, extension, amendment and supplementation of sea dumping permits.
The fee collection organization is the agency that has the authority to issue, reissue, extend, amend and supplement sea dumping permits according to the law on marine and island resources and environment.
Fee collection organizations pay 100% of the collected fee amount to the state budget. The source of costs to cover fee collection is arranged by the state budget in the fee collection organization's estimates according to the regime and state budget spending norms as prescribed by law. Fee collection organizations shall declare, collect and pay fees according to regulations in Circular No. 74/2022/TT-BTC.
Collection of fees for exploitation and use of geological and mineral documents.
On February 5, 2024, the Ministry of Finance issued Circular No. 11/2024/TT-BTC regulating collection rates, collection, payment, management and Use of fees for exploitation and use of geological and mineral documents. This Circular takes effect from March 21, 2024.
According to the Circular, fee collection organizations are agencies competent to provide geological and mineral documents according to the provisions of law.
The fee payer shall pay the fee when receiving the results of geological and mineral documents from the agency providing geological and mineral documents; Fees are paid to the fee collection organization in the form specified in Circular No. 74/2022/TT-BTC of the Minister of Finance.
Fee collection organizations are allowed to set aside 60% of the fee amount collected to cover costs for service provision and fee collection activities as prescribed in Clause 4, Article 1 of Decree No. 82/2023/ND-CP of the Government. Government amends and supplements a number of articles of Decree No. 120/2016/ND-CP detailing and guiding the implementation of a number of articles of the Law on Fees and Charges and paying 40% of collected fees to the budget government.
In case the fee collection organization is a state agency that is not eligible to allocate operating costs from the fee collection source as prescribed in Clause 3, Article 1 of Decree No. 82/2023/ND-CP, pay all collected fees to State budget. The source of costs to cover service provision and fee collection activities is arranged by the state budget in the estimates of the collecting organization according to the regime and state budget expenditure norms according to the provisions of law.
License fees for mining rare minerals
Also on February 5, 2024, the Ministry of Finance issued Circular No. 10/2024/TT-BTC regulating collection rates, collection, payment, management and use Fees for appraisal and assessment of mineral reserves and fees for issuance of mineral operating licenses. The Circular takes effect from March 21, 2024.
The Circular clearly states that fee payers are organizations and individuals who are granted mineral activity licenses by competent state agencies according to the provisions of the law on minerals.
Fee payers are organizations and individuals who submit dossiers requesting approval of mineral reserves to the competent State management agency for appraisal and approval of mineral exploration report reserves according to the provisions of law on mineral.
The fee collection organization is the state agency competent to grant mineral activity licenses according to the provisions of the law on minerals. The fee collection organization is the state agency that has the authority to appraise and approve mineral exploration report reserves according to regulations.
Fees for granting mineral licenses for exploration activities: For exploration areas less than 100 hectares, the fee is 4 million VND/license. Exploration area from 100 hectares to 50,000 hectares, the fee is 10 million VND/license. The exploration area is over 50,000 hectares, the fee is 15 million VND/license.
Fees for granting mineral operating licenses for mining activities: Stream bed sand and gravel mining license: With mining capacity of less than 5,000 m3/year: 1 million VND/license; Exploitation capacity from 5,000 m3 to 10,000 m3/year: 10 million VND/license; Exploitation capacity over 10,000 m3/year: 15 million VND/license.
License to exploit minerals as common construction materials with an area of less than 10 hectares and mining capacity of less than 100,000 m3/year: 15 million VND/license; license to exploit rare minerals: 80 million VND/license; License to exploit special and toxic minerals: 100 million VND/license.