Are notarization remuneration of notary offices the same in Vietnam?

Are notarization remuneration of notary offices the same in Vietnam?

According to Article 67 of the Law on Notary 2014, notarization remuneration is as follows:

1. Notarization requesters shall pay remuneration when requesting notarial practice organizations to draft contracts or transactions, typewrite or make copies, translate papers or documents, or perform other notarial jobs.

2. Provincial-level People’s Committees shall promulgate ceiling rates of notarization remuneration to be applied to notarial practice organizations in localities. Notarial practice organizations shall determine remuneration rates for each job which must not exceed the ceiling rate of notarization remuneration promulgated by the provincial-level People’s Committee, and shall publicly post up remuneration rates at their head offices. Notarial practice organizations that collect notarization remuneration at rates higher than the ceiling rates and the posted rates shall be handled in accordance with law.

3. Notarial practice organizations shall clearly explain notarization remuneration to notarization requesters.

Thus, according to current regulations in Vietnam, notarization remuneration of notary offices are not required to be the same. However, the Provincial-level People’s Committees shall promulgate ceiling rates of notarization remuneration, so even though the notary offices may differ in price, the ceiling rates will not be exceeded.

Do rates of notarization charges have to be posted up in Vietnam?

According to Article 33 of the Law on Notary 2014 stipulating obligations of notarial practice organizations:

1. To manage notaries practicing at their organizations in observing law and rules on notarial practice ethics;

2. To comply with the laws on labor, tax, finance and statistics.

3. To apply the working hours applicable to state administrative agencies.

4. To post up working timetables, notarization procedures, rules on receipt of notarization requesters, and rates of notarization charges and notarization remuneration and other expenses at their head offices.

5. To purchase professional liability insurance for their notaries in accordance with Article 37 of this Law and pay compensation for damage in accordance with Article 38 of this Law.

6. To receive, create favorable conditions for and manage notarial practice probationers during their probationary period at their organizations.

7. To create conditions for their notaries to participate in annual professional re-training.

8. To comply with competent state agencies’ requests concerning reporting, examination, inspection and provision of information on notarized contracts, transactions and translations.

9. To keep notarization registers and preserve notarization dossiers.

10. To share information on the origin of assets and actual state of asset transactions and other information on deterrent measures applied to assets related to contracts and transactions notarized by their notaries to be included in the notarization database prescribed in Article 62 of this Law.

11. To perform other obligations as prescribed by this Law and other relevant legal documents.

According to this Article, the notary office is obliged to post up rates of notarization charges in Vietnam.

Best Regards!