Accordingly, a 50% cut in fees is applied to goods fortemporary import and re-export or deposited in bonded warehouses and fortransit and transshipment of goods.
Besides these measures, imported and exported goods fornational defence and security, responding to and overcoming consequences ofnatural disasters and epidemics, and some other purposes are exempt from the fees.
The move aims to help businesses dealing with stiffchallenges, such as rising fuel prices, and promote the city’s economicrecovery programme after the COVID-19 pandemic.
The reduction in fees also seeks to encourage businesses toincrease use of waterways and reduce pressure on road transport.
More than 500 billion VND (21.5 million USD) has beencollected via the automatic collection system so far.
The city expects to fetch revenues of about 3 trillion VND(129 million USD) a year.
It plans to invest the amount in port connectivity projects,including new roads and upgrades to existing ones near ports, as well asimproving waterways and inland ports./.