The Ministry of Finance of Vietnam issued Circular No. 89/2017/TT-BTC guiding certain articles of Decree No. 35/2017/ND-CP prescribing collection of land use levy, land rental and water surface rental in economic zones and hi-tech zones.
Land use levy and land rental shall be paid in Vietnam dong to the state budget; if foreign organizations and individuals or overseas Vietnamese pay land use levy or land rental in a foreign currency, such currency shall be converted into Vietnam dong in accordance with regulations effective at the time of payment.
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