Users allowed to transfer Vietnamese domain name

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Hanoi (VNA) – Owners of websites with
the Vietnamese domain name “.vn” can  now transfer domain names directly
following a circular that was promulgated last year finally coming into effect,
said the Vietnam Internet Network Information Centre (VNNIC).

Circular 16/2016/TT-BTTTT dated 28/6/2016 was
promulgated by the Ministry of Information and Communication and was meant to
take effect on June 28, 2016 but was delayed by the VNNIC due to difficulties
calculating taxes for transfers.

The VNNIC on June 15 announced that the domains
could be transferred without an auction from the beginning of this month.

Vietnamese domain name registrars including PA Vietnam
Joint Stock Company and INET Joint Stock Company have transferred the first
five “.vn” domain names since the circular took effect. 

In addition, the General Taxation Department
issued documents in January 2015 and March 2017 on taxes for transferring the
domain names.

VNNIC said the Vietnamese domain name leads the
Asia-Pacific region and is eighth in Asia in terms of the total registered
domain names, with 404,938.

With this large number of registered domain
names, there has long been demand for direct transfers. However, a lack of synchronous
regulations delayed the official implementation of the circular.

“In the past, some transactions in the
Vietnamese domain name market were made via domain reimbursement and
re-registration, assuming the probability that the domain name could be purchased
by third parties,” the centre said.

The VNNIC has work with Vietnamese domain name
registrars for the transfers.

The current regulations stipulate that transfers
be carried at http://nhadangky.vn.

Businesses owning Vietnamese domain names are required
to pay value added tax (VAT) of 10 percent for the transfer. Individuals have
to pay 1 percent of VAT and 0.5 percent of corporate income tax for the
transfer if their total revenue in a year is more than 100 million VND. If the
total is less than 100 million VND a year, individuals do not pay the taxes.

VNNIC’s Vietnamese domain names registration was
officially opened to the public in March 2007.

Vietnamese domain name owners will have to pay
an annual fee of 20,000 VND (nearly 1 USD) for a domain name from January 1
this year in accordance with a Ministry of Finance circular on collection,
payment, management and usage mechanism of fees and levies of national domain
name “.vn”.-VNA

QBCA

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