Vietnam: Cases of reduced collection period

According to Clause 2 Article 9 of the Circular No. 15/2020/TT-BGTVT of the Ministry of Transport of Vietnam, cases of reduced collection period include:

- Investors of BOT projects failing to submit final accounts on capital for construction of BOT structures in a timely manner as per the law. Collection period shall be reduced by 1 day in case final accounts are submitted from 10 to 15 days late; collection period shall be reduced by 2 days in case final accounts are submitted from 16 to 30 days late; collection period shall be reduced by 1 day for every 5 days from the 31st day onwards;

- Toll collectors failing to adequately back up data as specified under Clause 6 Article 5 of this Circular. Collection period shall be reduced by 2 days in case data is not backed up for 10 to 15 days; collection period shall be reduced by 4 days in case data is not backed up for 16 to 30 days; collection period shall be reduced by 2 days for every 5 days from the 31st day onwards;

- Toll collectors failing to submit reports as specified under Article 8 of this Circular, failing to submit fees for using government assets or failing to submit road infrastructure rental according to applicable regulations and law after being warned by competent authorities twice with each warning issued no less than 5 days apart. Collection period shall be reduced by 1 day in case reports are submitted from 10 to 30 days late; collection period shall be reduced by 2 days in case reports are submitted from 31 to 60 days late; collection period shall be reduced by 1 day for every 5 days from the 61st day onwards.

View more details at the Circular No. 15/2020/TT-BGTVT of the Ministry of Transport of Vietnam, effective from September 15, 2020.

Thuy Tram

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