Regulations on UKVFTA bidding documents issued

Regulations on UKVFTA bidding documents issued

The Ministry of Planning and Investment has issued two circulars specifying instructions for handling bidding packages under the UK-Việt Nam Free Trade Agreement.
Customs instructs inspection of goods preservation and storage sites as Covid-19 under control

Customs instructs inspection of goods preservation and storage sites as Covid-19 under control

VCN - The inspection of goods preservation will be delayed until the GDVC issued a new notification.
How will customs procedures for goods in transit change?

How will customs procedures for goods in transit change?

Regulations on the first import border gate, the last export border gate, or the separation of goods in transit of imported and exported goods are specifically designed to facilitate enterprises
Revising regulations on customs procedures, inspections, supervision and control

Revising regulations on customs procedures, inspections, supervision and control

VCN - After consulting with ministries and agencies for synthesizing, explaining and capturing the opinions of Government members, the General Department of Customs has completed a draft report and submitted it to the Ministry of Finance, reporting to the
Regulations on value negotiation specified in revised Law on Value

Regulations on value negotiation specified in revised Law on Value

VCN - The draft law stipulates more clearly the scope and principles of price negotiation.
Review and handle safeguarding and anti-dumping duties

Review and handle safeguarding and anti-dumping duties

General Department of Vietnam Customs requested HCM City Customs Department to review safeguarding duties and anti-dumping duties specified in the decisions of the Ministry of Industry and Trade
Review and standardise HS codes of goods subject to specialised management

Review and standardise HS codes of goods subject to specialised management

The Ministry of Finance has requested that ministries and sectors urgently review and convert the HS codes of goods subject to specialized management
New policies to come into effect in July

New policies to come into effect in July

Some of the new policies taking effect in July include mandatory e-invoicing requirements, new-style passports, and adjustments in regional minimum wages, as well as the fee relief programme during COVID-19.
Guidance on checking certificate of origin

Guidance on checking certificate of origin

Recently, the General Department of Vietnam Customs issued a guidance document relating to certificate of origin under the list of goods stipulated in Appendix II of Circular 38/2018/TT-BTC.
VCCI: Abolishment of list of goods and services subject to conditional business in Decree 59 is appropriate

VCCI: Abolishment of list of goods and services subject to conditional business in Decree 59 is appropriate

VCN – The Vietnam Federation of Trade and Industry (VCCI) said the nature of two lists of goods and services banned from business, restricted from business or subject to conditional business under Decree 59/2006 and Investment Law 2020 is the same.
Revising Law on Prices: Strengthening price declaration methods

Revising Law on Prices: Strengthening price declaration methods

VCN- The draft Law on Prices (amended) has provided more specific regulations on price declaration to serve price stabilization in case of necessity as well as one of the sources of information for the price database.
Amending Law on Prices: regulating specifically on price negotiation

Amending Law on Prices: regulating specifically on price negotiation

In the draft Law on Prices (amended), the Ministry of Finance has revised a group of policies related to price negotiations with the aim of harmonizing interests
Customs declarant may choose one method for value distribution of imported operation system

Customs declarant may choose one method for value distribution of imported operation system

VCN - According to regulations, the customs declarant can choose one of the methods of value distribution specified in Clause 2, Article 16 of Circular 39/2015/TT-BTC to declare the value of software and must ensure the principle that the software value m
Inspecting products made from recycling and waste treatment activities

Inspecting products made from recycling and waste treatment activities

VCN - The GDVC issued Official Dispatch 2344/TCHQ-TXNK instructing local customs departments to implement preferential policies on export tax for products produced from recycling and waste treatment activities.
The Government remove obstacles in the implementation of VAT reduction by 8%

The Government remove obstacles in the implementation of VAT reduction by 8%

The Government has just issued Decree 41/2022/NĐ-CP amending and supplementing a number of articles in order to remove obstacles in the implementation of VAT reduction by 8%.
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

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.
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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

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

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

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

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

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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