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
Instruct reporting regime on law enforcement on handling administrative violations

Instruct reporting regime on law enforcement on handling administrative violations

22/02/2023 13:59 Regulations

VCN - In addition, meeting the practical requirements of management of law enforcement in handling administrative violations; promptly removing difficulties and obstacles arising in practice, and ensuring the consistency of the legal system.
VAT rate of 5% applies to veterinary medicine

VAT rate of 5% applies to veterinary medicine

18/02/2023 10:59 Regulations

VCN - According to provisions at Point 1, Clause 2, Article 8 of the Law on VAT, preventive and curative medicines are subject to the 5% VAT rate.
China issues 435 codes for Vietnamese agricultural product exporters

China issues 435 codes for Vietnamese agricultural product exporters

14/02/2023 15:32 Regulations

The General Administration of Customs of China has granted 435 codes for Vietnamese agricultural product exporters so far this year.
Continue implementing the goal of facilitating and supporting import and export enterprises

Continue implementing the goal of facilitating and supporting import and export enterprises

11/02/2023 13:02 Regulations

General Department of Vietnam Customs has directed its affiliated unit to implement many missions of administrative reform to facilitate and support import and export enterprises
What are the conditions to exempt tax for importing goods from bonded warehouse to inland to export?

What are the conditions to exempt tax for importing goods from bonded warehouse to inland to export?

05/02/2023 09:45 Regulations

To enjoy import duty exemption and VAT exemption, the bonded warehouse must satisfy the condition as stipulated in Law on export and import duties; law on foreign trade management and other legal documents
Continue applying financial solutions to support people and enterprises in 2023

Continue applying financial solutions to support people and enterprises in 2023

23/01/2023 20:58 Regulations

In 2022, the Ministry of Finance has effectively implemented its socio-economic recovery and development program with a series of policies on extension and reducing taxes and fees for people and enterprises
Standardizing and unifying regulations on goods origin inspection

Standardizing and unifying regulations on goods origin inspection

12:11 | 20/01/2023 Regulations

VCN - The amendment and supplementation of regulations on inspection and determination of the origin of exported and imported goods will meet the goal of standardizing and unifying inspection regulations in accordance with international commitments.
Guide procedures for the re-export of imported raw materials

Guide procedures for the re-export of imported raw materials

11:11 | 16/01/2023 Regulations

VCN - Answering questions from some enterprises on handling imported raw materials by re-exporting to buyers abroad, the General Department of Customs has issued guidance to local customs departments to ensure unified implementation.
Many ministries yet to not issued a list of specialized goods subject to HS code change

Many ministries yet to not issued a list of specialized goods subject to HS code change

14:14 | 14/01/2023 Regulations

VCN - Through management, many ministries have not issued a list of specialized goods subject to HS code change according to List of Vietnam's Import and Export Goods (2022)
The Government promulgates 16 Decrees on special preferential import and export tariffs

The Government promulgates 16 Decrees on special preferential import and export tariffs

17:10 | 12/01/2023 Regulations

The Government signed and promulgated 16 Decrees specifying Vietnam’s special preferential import tariff schedule for the implementation of the Trade Agreements and Economic Partnership Agreements.
Proposing two solutions on knock-down levels of imported automobile parts

Proposing two solutions on knock-down levels of imported automobile parts

13:37 | 07/01/2023 Regulations

As Customs News informed, both Customs authority and enterprises are facing difficulties relating to regulations for classifying and identifying tax rates of imported automobile parts to satisfy knock-down levels
Opinions for draft revised Land Law collected from today

Opinions for draft revised Land Law collected from today

17:25 | 03/01/2023 Regulations

Opinions for the draft Land Law (revised) will be collected from people from all walks of life from January 3 to March 15.
When financial aid comes to life

When financial aid comes to life

10:34 | 01/01/2023 Regulations

Thanks to the financial policies to support people and businesses implemented by the Tax sector in 2022 that have created an essential motivation for businesses to recover and develop.
Proposing the implementation of insurance for vehicles on exit and entry and imported goods by post

Proposing the implementation of insurance for vehicles on exit and entry and imported goods by post

18:11 | 29/12/2022 Regulations

Lang Son Provincial Post Office sent a request to General Department of Vietnam Customs to coordinate in implementing regulations on compulsory civil liability insurance (CLI) for means of transport on exit and entry
Deny procedures for trucks carrying heavy loads of goods

Deny procedures for trucks carrying heavy loads of goods

09:58 | 26/12/2022 Regulations

The Customs authorities would not handle clearance procedures and customs seal procedures for trucks carrying goods exceeding the design tonnage stated in the vehicle registration papers.
Further improving National Single Window, automated system for customs management

Further improving National Single Window, automated system for customs management

16:37 | 20/12/2022 Regulations

VCN - In addition to achievements and facilitating import and export activities, the implementation of the Aviation National Single Window and the automated system for Customs management and supervision still has shortcomings, as well as technical and ope
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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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