Vietnam can expect much lower entry fees from November 23 onwards, according to a circular from the nation’s Ministry of Finance.

Single-entry visas will cost US$25 instead of the current US$45, while fees for multiple-entry visas with validity of less than three months will cost US$50 instead of US$95.

Prices for multiple-entry visas valid for three to six months and for six months to a year will remain the same, costing US$95 and US$135 respectively.

Visas valid for one year to two years will also still cost US$145 and visas valid for two years to five years remains at US$155.

“The visa fee adjustments are intended to boost tourism,” said an official from the Ministry of Finance’s tax policy department, according to Vietnamese newspaper Tuoi Tre. “We have referred to the visa fees in other regional countries to decide on the new rates for Vietnam.”