New Text Notification

Vietnam: 50% reduction of fees for handling of competition cases from July 27, 2020

Lê Hải

11:50, 20/06/2020

The Ministry of Finance of Vietnam issued Circular No. 58/2020/TT-BTC stipulating fees for handling of competition cases, collection, transfer, management and use thereof.

Fees for handling of competition cases applicable from July 27, 2020 to December 31, 2020 inclusively are equal to 50% of the fees specified in Clauses 2 and 3 Article 4 of Circular No. 251/2016/TT-BTC of the Ministry of Finance of Vietnam, specifically as follows:

- Fee for handling independent claims of persons having related rights and obligations: VND 5,000,000/case.

- Fee for appraising applications for exemption in competition cases: VND 25,000,000/application.

Fees applied from January 01, 2021 onwards:

- Fee for handling independent claims of persons having related rights and obligations: VND 10,000,000/case.

- Fee for appraising applications for exemption in competition cases: VND 50,000,000/application.

Note: Persons filing independent claims in competition cases in the capacity of persons having related rights and obligations shall pay an advance equaling 100% of the fee prescribed above.

View more details at Circular No. 58/2020/TT-BTC of the Ministry of Finance of Vietnam, effective from July 27, 2020, which replaces Circular No. 251/2016/TT-BTC.

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