2018: 0% tariff on thousands of import goods items
Thursday 17, 10 2019
Under the circular of the Ministry of Finance, Vietnam will cut down many tariff lines to fulfill its special preferential tariff commitments under the FTAs.
Under the circular of the Ministry of Finance, Vietnam will cut down many tariff lines to fulfill its special preferential tariff commitments under the FTAs.
Mr. Pham Tuan Anh, Deputy Director General of International Cooperation Department, said that in order to implement the agreement with Vietnam's List of Import and Export Goods and implement the Law on Customs as well as the commitment of the FTAs in the following years, the Ministry of Finance has submitted to the Government for promulgation of 10 Decrees of the preferential import tariff of Vietnam in the period 2018-2022 / 2023, effective from January 1, 2018.
At the same time, four specific conditions for application of preferential import tax rates are specified, particularly those falling under the special preferential import tariffs (issued together with the Decree); imported from countries that are members of the Agreement into Vietnam; transported directly from the export country to Vietnam; meet the provisions on the origin of goods under the Agreement and have a Certificate of Origin (C / O) in accordance with current law.
Below is a summary of the tariff lines applicable to imported goods in 2018:
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