Issuance of general pricing methods for goods and services priced by the State in Vietnam

This circular stipulates the general pricing method for goods and services priced by the State in Vietnam as specified in Clause 2, Article 23 of the Price Law 2023.

Pricing methods for land and other goods and services specified in Clause 3, Article 23 of the Price Law 2023 falls under the authority of the Minister, the heads of ministerial-level agencies in charge of the sector or field, or is submitted to the competent authority for issuance.

Pricing methods, selection of pricing methods for goods and services priced by the State in Vietnam

- The general pricing methods for goods and services priced by the State in Vietnam as stipulated in Circular 45/2024/TT-BTC include two (02) methods: the cost method and the comparison method. Among them:

+ The cost method is the pricing method for goods and services approached from reasonable and legitimate production and business costs, profits (if any) or accumulated according to legal regulations (if any), and financial obligations as prescribed by law.

+ The comparison method is the pricing method for goods and services approached from information collected on the prices of comparable goods and services.

- Based on the characteristics of goods and services, specific conditions related to production and business, market, distribution of goods and services, organizations, and individuals select the appropriate pricing method for the goods and services that need pricing.

** Transitional Provisions: In cases where goods and services priced by the State in Vietnam have had their pricing plan formulated according to the pricing method issued by a competent state agency and the dossier has been submitted according to legal regulations to the competent authority for appraisal before July 1, 2024, the pricing method shall continue to be implemented.

Circular 45/2024/TT-BTC takes effect from July 1, 2024.

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