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’.
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.