Vietnam: Valid location and method of price listing of goods and services

This is a notable content of the Decree No. 177/2013/NĐ-CP issued by the Government of Vietnam detailing and guiding the implementation of a number of the Law on Price.

niêm yết giá hàng hóa, dịch vụ, Nghị định 177/2013/NĐ-CP

Location and method of price listing are specified in Clauses 17 and 18 of the Decree No. 177/2013/NĐ-CP of Vietnam’s Government as follows:

Firstly, regarding location of price listing:

- Production and trading facilities (with transaction counter and product selling);

- Supermarkets, commercial centers and markets as prescribed by law, stores, shops, kiosks, stalls, transaction places shall carry out the selling of goods and provision of services.

- Exhibition with the selling of goods and provision of services.

- Other locations as prescribed by law.

Secondly, regarding method of price listing:

The producing and trading organizations and individuals implementing the price listing under suitable and clear forms without misleading customers about the selling and purchase price of goods and services by printing, attaching or specifying price table, paper or packaging of goods or in other forms at transaction place or goods and services offering place to facilitate the observation, identification of customers and competent state authority. For goods and services evaluated by the State, the producing and trading organizations and individuals must list the proper price as prescribed by the competent state authority and sell and purchase at the price listed. For goods and services not in the List of goods and services evaluated by the State, they shall be listed with price decided by the producing and trading organizations and individuals and must not sold at the higher price or purchased at the price lower than the listed one;

Currency listed is Vietnam dong unless otherwise specifically stipulated by law.

Listed price is the price of goods and services including taxes, fees and charges (if any) of those goods and services.

View more details at the Decree No. 177/2013/NĐ-CP of Vietnam’s Government, effective from January 01, 2014.

Thuy Tram

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