HANOI: Vietnam's Ministry of Finance has proposed waiving a range of fees and charges in the aviation and maritime sectors from Wednesday (April 1) through the end of this year to help businesses cope with volatile global fuel prices, local media VnExpress reported Tuesday.
Under the proposal, the exemptions would mainly cover administrative fees related to domestic airlines and supporting service providers in the aviation sector, as well as charges related to safety assurance, the use of anchorage positions, and port entry and exit in the maritime sector.
The policy is expected to help reduce operating costs, curb freight rate increases and maintain the continuity of domestic and international supply chains, the report added.
The fee waiver is estimated to reduce state budget revenue by about 3.55 trillion Vietnamese dong (about US$141.6 million), including 218 billion dong (about US$8.7 million) in the aviation sector and about 3.33 trillion dong (about US$132.9 million) in the maritime sector. - Xinhua
