Still wait for conditions for importing automobiles

20:59 | 13/07/2016 Regulations Follow english.haiquanonline.com.vn on

VCN- On July 8, speaking with Customs reporters, Mr. Do Thang Hai, Deputy Minister of Industry and Trade said that the regulations for importing automobiles under Circular 20/2011/ TT-BCT, the Minister of Industry and Trade reported the Prime Minister still wait for the guidance and decisions of the Prime Minister.

	Da Nang Customs collected over 322 billion vnd from cars
	Indentifying owner of the consignment 26 automobiles temporary imported for re-exported.
	Supervision tightened on imported electric motorcycle components

still wait for conditions for importing automobiles

The provisions of Circular 20 of the Ministry of Industry and Trade about imported automobiles under 9 seats still wait for the final decision of the Prime Minister. Photo: Nguyen Ha.

Under the provisions of the Investment Law 2014, from July 1, the regulations on business conditions in the circular not upgrading to the decree will be deleted.

But until now, there is no clear decision whether to allow import regulations or not. Mr Hai said, after consulting the Prime Minister, Ministry of Industry and Trade will provide specific instructions.

With Ministry of Industry and Trade regulations on conditions for importing automobiles, there are two perspectives. Specifically, the Ministry of Industry and Vietnam Automobile Manufacturers’ Association, European Business Association in Vietnam, the Association of German Business in Vietnam and the German Chamber of Commerce in Vietnam want this provision to remain.

As these associations said, Circular 20 has protected the benefits of consumers on products quality and services maintenance, using firms’ accessories. Also, Circular 20 has created a healthy business environment, limited unofficial automobile market and created favorable conditions to attract long-term investors in Vietnam. The implementation of Circular 20 also helps the government gain greater resources from official importers, instead of tax losses on black market.

A chain of objections in Circular 20 includes many businesses in the field of imported automotive business, especially the Vietnam Chamber of Commerce and Industry (VCCI).

VCCI said that import enterprises should add 2 kinds of papers above, as a form of business conditions (enterprises must meet these requirements to be allowed to import) as defined in Paragraph 7 Article 2 of Decree 118/2015 / ND-CP guiding the Investment Law.

Need alternatives for weighted average unit cost of gasoline tax

VCN- Replying to the press about how to choose the method of weighted average unit cost of ...

Therefore, the provisions of Circular 20 are no longer consistent with the requirements of Article 7 of the Investment Law on regulations of business conditions.

By Phan Thu/ Hoang Anh

Tags:

Vietnam automobile industry trade investment law customs circular regulation association

Related News

Consulting on customs control for e-commerce imports and exports

14:50 | 14/02/2025 Regulations

VCN- The General Department of Vietnam Customs (GDVC) consults widely on the draft Decree regulating customs control for e-commerce imports and exports.

Customs administrations coordinate to seize nearly 20,000 endangered wildlife

09:15 | 14/02/2025 Anti-Smuggling

VCN – About 20,000 live animals, all endangered or protected species, have been seized in a global operation against wildlife and forestry trafficking networks, jointly coordinated by the World Customs Organization (WCO) and INTERPOL.

Hai Phong Customs sets out 15 tasks to achieve the revenue target of VND 72,000 billion

10:12 | 11/02/2025 Customs

VCN – Hai Phong Customs Department has issued Directive No. 624/CT-HQHP dated January 21, 2025 on drastically implementing solutions to facilitate trade, improve the effectiveness of state management, and strive to achieve the revenue target of 2025.

GDVC sets goal of widely disseminating Customs policies

07:49 | 12/02/2025 Customs

VCN – The General Department of Vietnam Customs (GDVC) has issued a plan to disseminate and educate the law; and support and provide information in 2025.

Latest News

Flexible tax policy to propel Việt Nam’s economic growth in 2025

14:14 | 06/02/2025 Regulations

The Vietnamese government has extended and enhanced tax relief for 2025, offering reductions and deferrals to boost economic growth.

Brandnew e-commerce law to address policy gaps

18:44 | 29/01/2025 Regulations

The proposed law seeks to address gaps in existing regulations and keep pace with technological advancements and evolving business models.

From January 1, 2025: 13 product codes increase export tax to 20%

14:23 | 29/12/2024 Regulations

VCN - According to the Export Tariff (XK) issued with Decree 26/2023/ND-CP, from January 1, 2025, there will be 13 commodity codes with an export tax rate of 20%.

Export tax rates of 13 commodity codes to increase to 20% from January 1, 2025

13:46 | 28/12/2024 Regulations

VCN – According to the Export Tariff issued with Decree 26/2023/ND-CP, the tax rates of 13 commodity codes will increase to 20% from January 1, 2025.

More News

Proposal to reduce 30% of land rent in 2024

14:58 | 25/12/2024 Regulations

VCN - The Ministry of Finance has finalized a draft Government Decree outlining the reduction of land rent for 2024. The draft is currently under review by the Ministry of Justice before being submitted to the Government for approval.

Resolve problems related to tax procedures and policies for businesses

13:54 | 22/12/2024 Regulations

VCN - Immediately after the end of the Dialogue Conference between the Ministry of Finance and enterprises on tax and customs policies and administrative procedures in 2024, the General Department of Customs proactively removed obstacles related to tax procedures and policies for the business community.

New regulations on procurement, exploitation, and leasing of public assets

09:17 | 15/12/2024 Regulations

VCN - Decree No. 114/2024/ND-CP, which amends and supplements certain articles of Decree No. 151/2017/ND-CP detailing the implementation of the Law on Management and Use of Public Assets, introduces significant changes. These include updates on authority, methods of asset exploitation in agencies and units, plans for leasing, joint ventures, and partnerships in public service units, as well as centralized procurement procedures.

Actively listening to the voice of the business community

09:39 | 12/12/2024 Customs

VCN - Recognizing the Customs-business relationship as a long-term partnership, the Customs authority has organized hundreds of dialogues with businesses since the beginning of the year. These efforts aim to promptly address challenges, resolve obstacles, and facilitate import-export activities. Such meetings offer an opportunity for the Customs authority and the business community to exchange, share insights, and find solutions to enhance operational quality and efficiency.

Step up negotiations on customs commitments within the FTA framework

09:44 | 08/12/2024 Regulations

VCN - Promoting negotiations on customs commitments within the framework of free trade agreements (FTAs) plays an important role in facilitating import and export activities. These commitments not only help optimize the customs clearance process but also minimize costs and risks for businesses, opening up great opportunities for Vietnamese goods to access deeper into the international market.

Proposal to amend regulations on goods circulation

13:45 | 06/12/2024 Regulations

VCN - To perfect the policy on customs procedures, inspection and supervision, enterprises and associations have contributed many ideas from practical activities. Thereby, the Drafting Committee (General Department of Customs) has more perspectives to build policies to meet the goal of facilitating trade and ensuring state management of customs.

Review of VAT exemptions for imported machinery and equipment

10:31 | 05/12/2024 Regulations

VCN - The General Department of Vietnam Customs has directed provincial and municipal customs departments to review, inspect, and address issues related to the implementation of VAT exemption policies for specialized machinery and equipment used in agricultural production.

Customs tightens oversight on e-commerce imports

13:39 | 04/12/2024 Regulations

VCN - The General Department of Vietnam Customs has issued new directives to enhance the management of imported goods transacted through e-commerce platforms, addressing ambiguities and ensuring consistent enforcement across provincial and municipal customs departments.

Bringing practical experience into customs management policy

13:48 | 03/12/2024 Regulations

VCN - At the workshop to collect opinions from Southern Customs units on the draft Decree amending and supplementing Decree 08/2015/ND-CP dated January 21, 2015 of the Government; the draft Circular amending and supplementing Circular 38/2015/TT-BTC dated March 25, 2015 and Circular 39/2018/TT-BTC dated April 20, 2018 of the Minister of Finance, organized by the General Department of Customs last weekend, many Southern Customs units contributed specific contents from practical operations in the locality.

Your care

Latest Most read