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Tariff for implementation of AIFTA: Vietnam to eliminate 65% of import tariff lines

Tariff for implementation of AIFTA: Vietnam to eliminate 65% of import tariff lines

01/05/2023 10:55 Regulations

VCN - Implementing tax reduction under the ASEAN - India Trade in Goods Agreement (AIFTA) for the 2022 – 2027 period, from December 31, 2021, all tariff lines in Vietnam's Normal Track (NT) reduced to 0%, tariff lines of all items subject to Sensitive Tr
Finding a solution for self-control of raw materials for the rubber - plastic industry

Finding a solution for self-control of raw materials for the rubber - plastic industry

30/04/2023 13:19 Regulations

VCN - Mr. Tran Anh Hao, Head of Industrial Management Department, Ho Chi Minh City Department of Industry and Trade, said that the rubber-plastic industry is one of the four key industries encouraged by HCMC to develop.
Changes in manifest declaration for imported goods

Changes in manifest declaration for imported goods

28/04/2023 09:53 Regulations

VCN - Recently, the Customs sector has launched the system of declaration, receipt, inspection and confirmation of the e-manifest of imported goods.
From April 20, businesses make a manifest of cargo through the land border gate via an electronic system

From April 20, businesses make a manifest of cargo through the land border gate via an electronic system

24/04/2023 14:20 Regulations

From April 20, 2023, instead of making declarations with paper documents, businesses carrying out procedures through land and inland waterway border gates will make an electronic manifest
Order and procedures for inspection after tax refund

Order and procedures for inspection after tax refund

22/04/2023 19:54 Regulations

VCN - According to regulations, the order, procedures and time limit for inspection after tax refund are similar to those for post-customs clearance inspection at the taxpayer's office.
Special preferential import tariff for the implementation of ACFTA: The average tax rate for the period 2023 - 2027 is about 3.05%

Special preferential import tariff for the implementation of ACFTA: The average tax rate for the period 2023 - 2027 is about 3.05%

22/04/2023 07:27 Regulations

VCN - Agreement on Trade in Goods under the Framework Agreement on Comprehensive Economic Cooperation between ASEAN and China (hereinafter referred to as the ACFTA Agreement for short), signed on November 29, 2004, in Laos and a Memorandum of Understandin
Government agrees with MoF’s proposal on 2% VAT reduction

Government agrees with MoF’s proposal on 2% VAT reduction

10:54 | 20/04/2023 Regulations

VCN - On April 17, the Government Office sent a dispatch to the Minister of Finance on the plan to reduce taxes, fees and charges for 2023.
Who is eligible for tax and land rent extension in 2023?

Who is eligible for tax and land rent extension in 2023?

15:38 | 19/04/2023 Regulations

VCN - Decree 12/2023/ND-CP dated April 14, 2023 of the Government extending the deadline for payment of value-added tax, corporate income tax, personal income tax and land rent in 2023 stipulates subjects and procedures for a tax payment extension.
Which case has not been inspected after customs clearance?

Which case has not been inspected after customs clearance?

15:34 | 19/04/2023 Regulations

VCN - Post-clearance audits have not been conducted as planned for unnecessary cases to create favorable conditions for enterprises.
Revising Circular 16: More positive impact on corporate bond market

Revising Circular 16: More positive impact on corporate bond market

12:02 | 19/04/2023 Regulations

VCN - According to the State Bank of Vietnam (SBV), the results of inspection and supervision of the trading of corporate bonds by credit institutions have shown number of potential problems, so it is necessary to revise regulations to strictly control ri
Preferential Import and Export Tariffs for implementation of UKVFTA: boost trade and investment relations between two sides

Preferential Import and Export Tariffs for implementation of UKVFTA: boost trade and investment relations between two sides

10:22 | 17/04/2023 Regulations

VCN - In 2023 as well as in the coming years, the promulgation of Decree No. 117/2022/ND-CP promulgating the Preferential Export Tariff and Special Preferential Import Tariff of Vietnam to implement the Free Trade Agreement between Vietnam and the United
Enterprises pay attention to list of goods subject to exemption from specialized inspection

Enterprises pay attention to list of goods subject to exemption from specialized inspection

10:44 | 14/04/2023 Regulations

VCN - The management measures for import goods are only applied once in the Customs control area.
Removing shortcomings in management for e-stamp labelling on tobacco and alcohol products

Removing shortcomings in management for e-stamp labelling on tobacco and alcohol products

09:23 | 13/04/2023 Regulations

VCN - If the alcohol only has the year of production, without the production date, the customs declarant will update the real-time. The implementation time is from April 20, 2023.
MoF proposes to reduce by 2% VAT rate in 2023

MoF proposes to reduce by 2% VAT rate in 2023

09:22 | 13/04/2023 Regulations

VCN- The option 1, the Ministry proposes to reduce the 2% VAT rate for goods and services subject to a 10% tax rate to 8%.
Enterprises "wait" for the list of specialized inspection exemptions

Enterprises "wait" for the list of specialized inspection exemptions

10:42 | 12/04/2023 Regulations

At the dialogue conference, the issue of the specialized inspection concerned many businesses, especially the list of goods exempted from specialized inspection.
Customs will upgrade Tax exemption, reduction and refund systems to ensure effective performance

Customs will upgrade Tax exemption, reduction and refund systems to ensure effective performance

17:29 | 11/04/2023 Regulations

The General Department of Vietnam Customs said that they had reviewed the overall functions and professional problems to upgrade the Tax exemption, reduction and refund system
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Used electronic components or waste?

Used electronic components or waste?

14:52 | 10/09/2023 Regulations

VCN - A foreign-invested enterprise completed procedures to export dozens of shipments of used electronic components. The customs suspected the exported goods as waste but encountered difficulties in identifying the goods.
Reasons for ups and downs of land rent

Reasons for ups and downs of land rent

11:34 | 03/09/2023 Regulations

VCN - Based on the provisions of the land law, the land rental payable of projects is high or low depending on four factors: the land area for lease; land rent price; percentage rate; State’s policies of deduction, exemption. Of which, the main factors ar
Many proposals of seafood enterprises on VAT refund have been answered by the Ministry of Finance

Many proposals of seafood enterprises on VAT refund have been answered by the Ministry of Finance

14:52 | 31/08/2023 Regulations

VCN - According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the Ministry of Finance has directed to handle or advise the handling authority related to the petitions of seafood enterprises.
Export procedures for imported origin goods

Export procedures for imported origin goods

10:34 | 25/08/2023 Regulations

VCN - Some foreign direct investment (FDI) enterprises have encountered difficulties in customs procedures for exporting goods of imported origin wihout undergoing processing. The Customs authority have provided timely response and guidance.
Criteria "Made in Vietnam" has not been issued for 5 years

Criteria "Made in Vietnam" has not been issued for 5 years

10:12 | 15/08/2023 Regulations

VCN - Regarding the identification of Vietnamese products and goods, made in Vietnam, since the Ministry of Industry and Trade proposed to the Government, until now, after 5 years, it has not been able to be issued.
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