Tour firms eye maximum deposit rates

The HCMC Business Tie has continuing to request War Subject Brass of Tourism (VNAT) and the median ridge to allow travel agencies to savor commercialized pointSai gon tourism pertain rates from deposits instead of the low assess for telecommunicate deposits.

Nguyen Thi Khanh, evil chairwoman of the HCMC Business Connection, said that the methodicalness would prolong to channelise the orison to pertinent agencies until they get a persuasive respond.

"We planned this result originally this gathering and were told to inactivity but no feedback has grow so far," according to Khanh. She noted that specified sustain was needful for business businesses supposal the latest increasingly unenviable economic conditions.

As per the Tourism Law, any firm applying for a business license in the international travel segment is required to deposit a sum of VND250 million at a bank. This amount will be used as an indemnity for customers in necessary cases.

Upon the confirmation of a deposit from the bank, VNAT will grant the travel agency with the license.


A source from VNAT told the Daily that total deposits by nationwide travel agencies had risen to around VND200 billion as of earlier this year.


VNAT has suggested using profits from deposits on travel promotion activities but encountered objections from companies. These firms said that the right to decide on how to use profits belongs to them.


With non-term rates like now, each of such enterprises will annually lose dozens of millions of Vietnam dong as interest sums from deposits. The money is a lot for the companies, as most of them are small and medium-sized enterprises.

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