Opportunity for a high open economy like Vietnam Cooperation with Vietnam among EU’s priorities in Indo-Pacific: official Vietnam earns 1.43 billion USD from rice exports in Q1
Goods which are lent and are not imported to Vietnam are non-taxable

Goods which are lent and are not imported to Vietnam are non-taxable

20/06/2022 13:48 Regulations

VCN - BX Shinsei Vietnam Co., Ltd. raised a question about tax on molds purchased by a domestic enterprise from a foreign enterprise, then the molds are lent to another foreign enterprise and are not imported to Vietnam.
Extending deadline for VAT payment, corporate income tax and personal income tax 2022

Extending deadline for VAT payment, corporate income tax and personal income tax 2022

05/06/2022 15:10 Regulations

Deputy Prime Minister Le Minh Khai signed Decree No. 34/2022/ND-CP dated May 28, 2022 on extending the deadline for paying value-added tax, corporate income tax, personal income tax
Credit institutions must declare and pay taxes before collateral settlement

Credit institutions must declare and pay taxes before collateral settlement

03/06/2022 09:17 Regulations

VCN - If the taxpayer has not declared and paid enough tax to the customs authority, the credit institution must declare and fully pay tax, before collateral settlement.
Remove obstacle on import bills of lading for express delivery

Remove obstacle on import bills of lading for express delivery

30/05/2022 14:17 Regulations

The General Department of Vietnam Customs has just guided to remove obstacles for enterprises operating express delivery services regarding bills of lading to carry out import procedures.
Instructions for bringing goods to storage at the request of the customs declarant

Instructions for bringing goods to storage at the request of the customs declarant

29/05/2022 13:36 Regulations

What documents must be lodged with the customs authority when bringing the goods to the storage location.
Handling administrative fines if failing to declare and pay VAT at the time of on-spot import

Handling administrative fines if failing to declare and pay VAT at the time of on-spot import

28/05/2022 19:52 Regulations

According to current regulations, on-spot importers who fail to declare and pay value-added tax at the time of carrying out the on-spot import of goods for export production will be administratively sanctioned.
Businesses recommend procedures to support cross-border e-commerce development

Businesses recommend procedures to support cross-border e-commerce development

20:10 | 23/05/2022 Regulations

VCN - The Ministry of Finance (General Department of Customs) has developed and submitted to the Government a Decree on customs management for imports and exports transacted via e-commerce. While waiting for the issuance of the decree, businesses have rai
Formulating new Export Tariff schedule and Preferential Import Tariff schedule

Formulating new Export Tariff schedule and Preferential Import Tariff schedule

19:33 | 19/05/2022 Regulations

The Ministry of Finance announced the draft report on the draft Decree of Export Tariff schedule and Preferential Import Tariff schedule and a list of commodities
Solving problems with declarations about on-spot import for export production

Solving problems with declarations about on-spot import for export production

09:48 | 17/05/2022 Regulations

VCN - Facing problems of local customs units about applying the customs regime for declarations about on-spot import for export production, the General Department of Customs gave specific instructions.
Steel cable products are not entitled to VAT reduction

Steel cable products are not entitled to VAT reduction

14:45 | 16/05/2022 Regulations

VCN – Facing the proposal for guidance from Rita Vietnam Industry JSC regarding value-added tax (VAT) policy for imported goods under Decree 15/2022/ND-CP, the General Department of Customs said, based on current regulations, steel cable products are not
Temporary solution to solve problems in quality inspection for aquatic feed

Temporary solution to solve problems in quality inspection for aquatic feed

11:38 | 14/05/2022 Regulations

VCN - Due to the inconsistency in applying the policy on quality inspection for aquatic feed ingredients, both businesses and Customs are facing problems.
Guidance on new C/O form D

Guidance on new C/O form D

10:36 | 11/05/2022 Regulations

The General Department of Vietnam Customs has guided local customs departments on documents of certificate of origin form D (C/O form D) granted from May 1, 2022.
Instructions for applying customs regime when transferring materials from one contract to another

Instructions for applying customs regime when transferring materials from one contract to another

20:19 | 07/05/2022 Regulations

VCN - According to the guidance of the General Department of Customs, in case an enterprise transfers raw materials and supplies from one processing contract to another, the customs regime E54 should be used.
Revising regulations on making separate invoices for goods entitled to VAT reduction

Revising regulations on making separate invoices for goods entitled to VAT reduction

10:31 | 06/05/2022 Regulations

VCN - The Ministry of Finance is proposing to amend Clause 4, Article 1 of Decree 15/2022/ND-CP to create conditions for businesses to implement the value-added tax (VAT) reduction policy.
Guide the use of customs regime for import and export goods

Guide the use of customs regime for import and export goods

13:59 | 05/05/2022 Regulations

VCN - The General Department of Customs has guided local customs departments on many contents related to the use of the customs regime according to Decision 1357 dated May 8, 2021 of the General Department of Customs.
VAT not levied on damaged rental or borrowed goods that have been destroyed

VAT not levied on damaged rental or borrowed goods that have been destroyed

17:27 | 04/05/2022 Regulations

VCN - According to the General Department of Customs, in the process of using leased or borrowed goods, if the goods are damaged and ineligible for re-export, required for destruction, and went through the destruction procedures according to regulations,
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Reporting to the National Assembly for considering VAT reduction in the second half of 2024

Reporting to the National Assembly for considering VAT reduction in the second half of 2024

17:09 | 14/04/2024 Regulations

The Government assigned the Ministry of Finance to summarize and evaluate the results of reducing VAT rates to report to National Assembly for consideration and allowing to implementing in the second half of 2024.
The Prime Minister requested that before April 25, complete the revision of regulations on import and export of medicinal materials

The Prime Minister requested that before April 25, complete the revision of regulations on import and export of medicinal materials

10:33 | 13/04/2024 Regulations

VCN - The Ministry of Health, according to its assigned functions, tasks and authority, presides and coordinates with the Ministry of Finance and relevant agencies to urgently review, research, amend and complete the Ministry's regulations on import and e
No need to reduce the output of manufacturing and assembling automobile to enjoy preferential tariff

No need to reduce the output of manufacturing and assembling automobile to enjoy preferential tariff

09:09 | 11/04/2024 Regulations

The Ministry of Finance has responded to the suggestions of VAMA regarding the adjustment of reducing automobile volume to apply a tax rate of 0% for imported components and spare parts used for manufacturing automobile
Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations

Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations

09:31 | 10/04/2024 Regulations

VCN - Enterprises exporting cinnamon essential oil are facing difficulties due to regulations on pharmaceutical trading of the Ministry of Health, leading to hundreds of tons of essential oil being left in stock in raw material areas.
Business suspension of temporary import and re-export of Monazite ores and ore concentrates will be valid on May 13th

Business suspension of temporary import and re-export of Monazite ores and ore concentrates will be valid on May 13th

20:09 | 07/04/2024 Regulations

The Ministry of Trade and Industry issued Circular 05/2024/TT-BCT regulating the temporary suspension of temporary import and re-export of Monazite ores and ore concentrates business.
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