return icon Vietnamnet.vn

Finance Ministry lowers ‘.vn’ domain prices

VietNamNet Bridge - The Ministry of Finance (MOF) has lowered the fee for registering and using the national domain name ‘.vn’ in order to become more competitive with international domain name ‘.com’.
VietNamNet Bridge - The Ministry of Finance (MOF) has lowered the fee for registering and using the national domain name ‘.vn’ in order to become more competitive with international domain name ‘.com’.


{keywords}

MOF, in Circular 208/2016, stipulates many changes in the fees for registering and using the ‘.vn’ domain name, to be applied early next year.

Under current regulations, registration agents must not collect higher fees than stipulated in the MOF fee frame. The money collected must be transferred to VNNIC and agents will receive commissions of no more than 30 percent.

But from January 1, 2017, the fees will be different. Registration agents won’t receive commissions, but can set up domain registration and maintenance fees higher than stipulated to cover expenses and make profits. However, the fees must not be higher than the ceiling levels.

The Ministry of Finance (MOF) has lowered the fee for registering and using the national domain name ‘.vn’ in order to become more competitive with international domain name ‘.com’.

According to Do Quang Trung, head of VNNIC’s HCMC Branch, the policy will create competition in prices among registration agencies and eliminate price gaps between national domain name ‘.vn’ and international domain names.

The fees for ‘.vn’ domain name stipulated in Circular 208 are close to, or even lower, than the fees for international domain names such as ‘.com’ or ‘.net’. 

The floor fee level set by MOF for someone to register the ‘.vn’ domain name is VND200,000, while the annual maintenance fee is VND350,000. 

The third-level domain names under second-level such as edu.vn, gov.vn and info.vn have registration and maintenance fees of VND120,000 and VND150,000, respectively. The third-level domain name – ‘name.vn’ has very low fee of VND30,000.

The current fees for registering and using ‘.vn’ domain name for the first year offered by some biggest registration agents is VND830,000. The fee for maintaining the domain name in the next years is over VND400,000. 

Meanwhile, the registration fees for international domain names are very low, just VND280,000 for the first year and VND300,000 for the next years. Meanwhile, ‘.com’ and ‘.net’ now can be registered at VND99,000 and VND79,000 in promotion campaigns. 

Huynh Ngoc Duy, CEO of Mat Bao, a domain name registration agent, said the policy will help lower the ‘.vn’ domain name price, but will not affect market demand.

“I think the number of registrations for ‘.vn’ would be increasing thanks to lower fees, but the increase won’t be sharp,” he said. ‘Users target many things when registering domain names, including the popularity of domain names, while the registration fee is not the only factor for them to consider.”

“Users will still favor international domain names,” he commented.

related news

Mai Lich

MORE NEWS

PM to hold dialogue with young people in March

Prime Minister Pham Minh Chinh will hold a dialogue with young people in Hanoi on March 26, the Government Office has announced.

Internet slows as four out of five submarine cables suffer disruptions

Vietnamese internet service providers have confirmed that four out of five submarine internet cables that connect the country to the world are experiencing issues, seriously affecting performance and reliability.

Politburo Resolution 31 gives momentum to HCM City to 'take off'

Experts say that policies from the Politburo’s Resolution 31 will give momentum to HCM City to grow strongly, but also pose big challenges for the city.

Billionaire's companies make big profits during difficult period

The businesses owned by the dollar billionaire Pham Nhat Vuong have all reported record-high revenue at a time when the real estate market has been bogged down in difficulty.

Outstanding policies take effect in Vietnam from February 2023

A string of policies on transferring money from Viet Nam to other countries, a 50-percent fee reduction when registering for permanent residence

Spiritual milestones affirm Vietnam’s sovereignty in the sea

Nine pagodas formed from shrines or small Buddha statues erected a long time ago in the Truong Sa archipelago by Vietnamese fishermen are not only places of religious and belief activities but also the country’s sovereignty milestones on the sea.

Vietnam to attend ASEAN Tourism Forum 2023 in Indonesia

Vietnam will participate in ASEAN Tourism Forum (ATF) 2023 themed “ASEAN: A Journey to Wonderful Destinations”, and the Travel Exchange (TRAVEX) trade fair in Yogyakarta, Indonesia from February 2 – 5.

Hanoi and Ho Chi Minh City among safest cities in Southeast Asia

Hanoi and Ho Chi Minh City have both been included in a list of the safest cities in Southeast Asia, as compiled by statistics site Numbeo.

Action plan issued to accelerate national anti-corruption strategy building

Deputy Prime Minister Le Minh Khai, head of the steering committee on building the national anti-corruption strategy by 2030, has signed a decision on the issuance of the committee’s action plan.

VIETNAM BUSINESS NEWS JANUARY 31/2023

Latest guidance on one-way money transfers from Viet Nam

HCM City proposes removing hindrances to develop real estate market

Ho Chi Minh City authorities made a proposal to clear bottlenecks for healthy and sustainable development of the real estate market.

More high-value foreign investment projects needed as tax policies change

Vietnam needs to improve FDI quality, attracting high-tech projects that promise to bring higher added value.

Khmer's ginger cake of love and faithfulness

The ginger cake of the Khmer ethnic group in Soc Trang Province is a beloved traditional treat that is often offered to ancestors on important anniversaries such as the Tet (Lunar New Year) festival.

HCM City promotes digital transformation in education

Digital transformation is considered key to improving education and training quality, as proven by the effect of HCM City actively applying digital transformation over the past five years.

Hanoi to close fruit shops lacking proper food safety preparations

The capital city of Hanoi encourages the expansion of safe fruit businesses while clamping down on fruit shops that do not comply with food safety protocols, specifically street vendors.
back_to_top