Specifically, instead of saying "from January 1, 2024", the deposit level for travel service businesses must return to the old level before the pandemic, the document of the Vietnam National Administration of Tourism states 10 years back as "from January 1, 2014".
The wrong year document of the Vietnam National Administration of Tourism has caused a debate on domestic tourism forums because of its impact on the business plans of Vietnamese travel businesses. No longer receiving support for deposits in the context of the tourism business in 2023 still being poor... businesses will have to weigh many factors to operate more effectively.
Document signed by Deputy Director of Vietnam National Administration of Tourism on January 31, 2024
In 2021, due to the impact of the Covid-19 pandemic, in order to remove difficulties for travel businesses, businesses will receive an 80% reduction in travel service business deposits from October 28, 2021 to December 31, 2023.
Vietnam National Tourism Administration's document 'shocking'
Therefore, from January 1, 2024, the deposit level for travel service business must return to the previous level. Specifically: the deposit level for domestic travel service business is VND 100,000,000 (one hundred million dong); travel service business for international tourists to Vietnam is VND 250,000,000 (two hundred and fifty million dong); travel service business for international tourists to Vietnam and tourists going abroad is VND 500,000,000 (five hundred million dong).
Vietnam tourism has not yet returned to pre-pandemic levels, especially for international visitors.
Travel service businesses must go to the deposit receiving bank to pay additional deposit and exchange the Deposit Certificate according to regulations (no need to exchange the travel service business license) and send it to the competent authority that grants travel service business licenses (Vietnam National Administration of Tourism for international travel business licenses and Department of Tourism Management of provinces and cities for domestic travel business licenses) within 30 days from the date of exchange.
Vietnam currently has more than 6,000 licensed travel businesses, including about 4,200 international travel businesses.
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