Corporate bond sale approval fees may be halved

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The amount Vietnamese companies pay the state to secure approval for bond sales may be halved to put them in line with fees for other licenses, according to a statement posted on the government website.

Companies may pay VND5 million (US$262) for permission to sell less than VND50 billion of bonds, the statement said.

The fee would rise to VND10 million for sales of less than VND150 billion, to VND17.5 million for sales below VND250 billion and to VND25 million for sales above that, the statement said.

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