HCMC to adjust business license fees

Ho Chi Minh City will halve the fee for issuing business licenses to VND100,000 ($6) for cooperatives, cooperative unions, private education institutions, private medical clinics and cultural and information agencies.

The new fees will apply when the HCMC People’s Council approves a proposal submitted Monday by the municipal People’s Committee.

However, the business license issuance fee of VND100,000 will remain unchanged for private and joint businesses, as will the VND200,000 fee for joint-stock, limited and state-owned companies.

Business licenses are free for state-owned companies becoming joint-stock companies.

Source:thanhniennews.com