New Regulations on the Registration Fee for Secured Transactions

Recently, the Ministry of Finance issued Circular 113/2017/TT-BTC amending and supplementing several articles of Circular 202/2016/TT-BTC, which stipulates the rates, collection policies, payment, management, and use of fees in the field of secured transaction registration.

Effective from November 12, 2017, the fee levels for certain procedures in the field of registration for securing transactions involving movable properties (excluding aircraft), and sea vessels will undergo some changes. To be specific:

- Registration of notification documents regarding the handling of secured assets: the fee is VND 30,000 per dossier (the current regulation is VND 70,000 per dossier).- Issuance of copies of documents certifying the registration content of secured transactions: the fee is VND 25,000 per case (the current regulation is VND 30,000 per case).

Circular 113/2017/TT-BTC was issued on October 20, 2017.

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