Reduce 80% of deposit for travel service business in Vietnam until the end of 2023

Bao Ngoc

14:42, 29/10/2021

On October 28, 2021, the Government promulgated Decree 94/2021/ND-CP amending and supplementing Articles 14 Decree 168/2017/ND-CP detailing a number of articles of the Law on Tourism on deposit levels for travel service business.

According to the Decree, the reduction of the deposit for travel service business in Vietnam until the end of 2023 is regulated as follows:

- Deposit level for domestic travel business: VND 20,000,000 (according to Decree 168/2017/ND-CP of Vietnam is VND 100,000,000).

- Deposit level for international travel service business:

+ Business travel services for international tourists to Vietnam: 50,000,000 VND (according to Decree 168/2017/ND-CP is 250,000,000 VND).

+ Business travel services for tourists going abroad: 100,000,000 VND (according to Decree 168/2017/ND-CP is 500,000,000 VND).

+ Business travel services for international tourists to Vietnam and tourists abroad: 100,000,000 VND (according to Decree 168/2017/ND-CP is 500,000,000 VND).

Note: The above reduced deposit level is valid until December 31, 2023. From January 1, 2024, the deposit level for travel service business shall comply with Decree 168/2017/ND-CP of Vietnam.

Decree 94/2021/ND-CP of Vietnam takes effect from October 28, 2021.

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