Update

Fee to operate trade promotion representative office.

From January 1st 2013, the foreign trade promotion organizations in Vietnam when licensed to establish a representative office in Vietnam will have to pay fee.

This content is mentioned in Circular 187/2012/TT-BTC about the collection, payment and management of the licensing fee to establish representative offices of foreign trade promotion organizations in Vietnam.

Renewal fee: 3,000,000 VND per license and for re-license cases, any amendment, supplement, extension is 1,500,000 VND per license.

Trade Promotion Department under the Ministry of Trade and Industry will be responsible for collecting and managing those fees.

Circular takes effect from January 1st 2013.

Tuan Nguyen

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