Methods of Controlling Network Cable Rental Prices in Buildings in Vietnam

Duong Chau Thanh

14:54, 05/07/2024

On July 2, 2024, the Minister of Information and Communications of Vietnam issued Circular 07/2024/TT-BTTTT providing guidance on the mechanisms, principles for price control, and methods for determining rental prices for the use of cable networks in buildings, and the rental prices of passive telecommunication infrastructure between telecommunication enterprises, organizations, and individuals owning telecommunication works.

Mechanism and Principles for Controlling Cable Network Rental Prices in Buildings in Vietnam

- The State of Vietnam shall manage the rental prices for using cable networks in buildings and the rental prices for passive telecom infrastructure according to market mechanisms under State regulation; respect the rights to self-pricing and price competition of organizations and individuals investing in building cable networks in buildings and passive telecom infrastructure as prescribed by law.

- The State of Vietnam shall control the rental prices for using cable networks in buildings and the rental prices for passive telecom infrastructure to protect lawful rights and interests of both lessees and lessors and the common interest of society as prescribed by law and as provided in this Circular.

- The control of rental prices for using cable networks in buildings and the rental prices for passive telecom infrastructure shall be implemented through the methods of rental price control and rental pricing methods stipulated in Circular 07/2024/TT-BTTTT.

Methods for Controlling Cable Network Rental Prices in Buildings in Vietnam

- Listing rental prices for using cable networks in buildings and rental prices for passive telecom infrastructure.

- Inspecting the factors forming rental prices for using cable networks in buildings and rental prices for passive telecom infrastructure.

The inspection of the factors forming rental prices for using cable networks in buildings and rental prices for passive telecom infrastructure shall be conducted in cases where there are abnormal fluctuations in rental prices or as directed by the Prime Minister of the Government of Vietnam, the Minister, heads of ministerial-level agencies, or Chairpersons of provincial people's committees.

- Negotiating rental prices for using cable networks in buildings and rental prices for passive telecom infrastructure.

The contents and procedure for listing rental prices, inspecting the factors forming rental prices, and negotiating rental prices for using cable networks in buildings and passive telecom infrastructure shall comply with the legal provisions on prices.

Responsibilities of Organizations and Individuals Owning Telecommunications Works Leasing Cable Networks in Buildings and Passive Telecom Infrastructure in Vietnam

- Comply with the provisions on managing rental prices for using cable networks in buildings and rental prices for passive telecom infrastructure as provided in this Circular, the legal provisions on prices, and related legal documents.

- Fully and promptly provide relevant documents and information related to rental prices when government agencies issue official requests for reports from organizations and individuals; be legally responsible for the accuracy, rationality, and validity of reported data and documents.

Circular 07/2024/TT-BTTTT takes effect from August 16, 2024.

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