On December 30, 2013, the Joint-Ministries of Finance, Construction, Information and Communications issued the Joint Circular No. 210/2013/TTLT-BTC-BXD-BTTTT guiding the mechanism and principle of controlling and method of determining rent rates of common technical infrastructure facilities.
Accordingly, Organizations and individuals shall display rent rates of common technical infrastructure facilities in Vietnam dong at transaction places for easy observation and identification by customers and competent state agencies; the display of rent rates must be clear and cause no confusion to customers. For common technical infrastructure facilities subject to rent rate determination by the State, the display of their rent rates must be decided by competent state agencies based on their quality and main econo-technical specifications. The displayed rent rates must be strictly observed. In addition to the form of public display at transaction places, organizations and individuals may choose one or several additional forms like press conference, publication in the mass media or other appropriate forms.
For common technical infrastructure facilities subject to rent rate determination by organizations or individuals, such organizations or individuals shall display rent rates already announced for registration with competent agencies based on their quality and main econo-technical specifications and conditions for application of rent rates, and may not lease them at rent rates higher than the displayed ones.
Also in accodance with this Circular, the determination of rent rates must base on the production costs and service provision expenses suitable to service quality; the supply-demand relationship and market prices; price fluctuations and changes in relevant mechanisms and policies of the State; roadmap of adjustment of rent rates approved by competent authorities and local socio-economic development conditions which affect rent rates
This Joint Circular takes effect on March 1, 2014
Get in touch with us