EXEMPTION FROM REGISTRATION FEES FOR HIGH-SPEED CRAFTS

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On October 05, 2015, the Prime Minister signed the Decision No. 47/2015/QD-TTg on mechanism and policies on encouraging and developing the inland waterway transportation, and takes effect on December 01, 2015; within that the inland waterway vehicles are boats, ships and other floating structures with without engine always operating on the inland waterway.

In accordance with this Decision, Exemption from registration fees for inland waterway vehicles such as high-speed crafts and inland waterway container transportation vehicles. Besides, provide assistance of loan interest at credit institutions to the investment projects in new building of pulling and pushing inland waterway vehicles with load of 1,500 tons and engine capacity of 250 HP or more; similarly, the self-propelled inland waterway vehicles and the special-use inland waterway vehicles with load of 800 tons or more for transporting goods by inland waterway in

accordance with the operation conditions of inland waterway routes shall be provided assistance of loan interest at credit institutions.

The People’s Committee of provinces and centrally-run cities shall base themselves on the local resources to provide price support or expense support for public transportation of passenger by inland waterway; give exemption from fare to children under 6 years old and reduce fare to people with meritorious services to the revolution, people with severe disability and particularly severe disability, the elderly, students as Vietnamese citizens. For inland waterway vehicle operators, providing 100% of training and instruction fund assistance for the inland waterway vehicle operators in particularly poor communes, frontier communes and security area communes of provinces and centrally run cities.

Source: luatvietnam.vn