What conditions are exempt from import duty on goods for export production?

What conditions are exempt from import duty on goods for export production?

General Department of Vietnam Customs gave an answer to a question from the Tobacco Import-Export Company regarding tax exemption for imported raw materials for the production of export goods
Processing industry makes up over 86 percent of total export revenue in nine months

Processing industry makes up over 86 percent of total export revenue in nine months

Processing industry contributed 86.27 percent to the total export revenue of the country in the first nine months of 2021, according to the Ministry of Industry and Trade.
Modernising management of goods processed and manufactured for export

Modernising management of goods processed and manufactured for export

VCN - Procedures related to export processing and manufacturing goods will be carried out online. Information about management of export processing and production, import, export, inventory of raw materials, supplies and machinery between enterprises and
Vietnam needs to invest in processing, packaging of agricultural products: experts

Vietnam needs to invest in processing, packaging of agricultural products: experts

Fruit and vegetable exporters should improve their processing technologies, especially in the post-harvest and packaging stages, to preserve their products longer and enhance their value, experts said.
Decree 18: Supplement regulations to ensure equality between production and processing

Decree 18: Supplement regulations to ensure equality between production and processing

VCN- Article 12 in Decree 134 does not provide for goods imported for export production that are allowed to be destroyed in Vietnam and actually destroyed.
Expose act of using duty-free materials for domestic consumption

Expose act of using duty-free materials for domestic consumption

VCN- Through monitoring and control, Customs discovered a number of fraudulent cases of bringing raw materials into domestic consumption to evade taxes.
Enterprises not subject to tax assessment if they comply with regulations on outsourcing processing

Enterprises not subject to tax assessment if they comply with regulations on outsourcing processing

VCN- Facing the problems of HANJOO TRADE Co., Ltd on assessing taxes on goods imported for processing and processed by an outsourcing company, the GDVC said regulations on outsourcing goods are in the Law on Export and Import Tax, Customs Law, Decree 134/
Low growth industry in the first quarter

Low growth industry in the first quarter

VCN - The processing and manufacturing industry has witnessed the lowest growth in the period 2016-2020, while electricity production and distribution has grown steadily , the mining industry fell sharply mainly due to crude oil and natural gas exploitati
Dong Nai Customs: Answering questions on tax deduction, C/O verification for Taiwanese enterprises

Dong Nai Customs: Answering questions on tax deduction, C/O verification for Taiwanese enterprises

VCN - On June 24th, Dong Nai Customs Department held a conference with Taiwanese enterprises on Customs policies and procedures in 2019 with the participation of nearly 100 enterprises.
Export goods for processing shall be subject to tax exemption

Export goods for processing shall be subject to tax exemption

VCN- Hence, the Draft Decree supplements content in Point 1 Article 11 by specifying that only the additional value (including overseas processing expenses) of a product is subject to import duty at the import tax rate of re-imported processed products.
Vietnamese enterprises earned US$ 8.6 billion from processing for foreign enterprises

Vietnamese enterprises earned US$ 8.6 billion from processing for foreign enterprises

VCN- It was released by the General Statistics Office at the Press Conference on the official results of the 2017 Economic Survey held on 19th September 2018.
Need to build brand for export seafood

Need to build brand for export seafood

Deputy Minister of Agriculture and Rural Development Tran Thanh Nam, recommended that it needs to build brand names for export shrimp and pangasius.
Being inspected many times, fishery companies complained to the Prime Minister

Being inspected many times, fishery companies complained to the Prime Minister

VCN - Being inspected and examined many times, even 6 – 7 times per year, fishery companies complained to the Prime Minister.
Decree 45/2016/ND-CP does not stipulate sanctions for processing business

Decree 45/2016/ND-CP does not stipulate sanctions for processing business

Regarding the confusion of Binh Duong on administrative sanctions for processing business, the General Department of Vietnam Customs said that the Government’s Decree 127/2013/ND-CP dated 15th October 2013 on sanctions for administrative violations and en
Wood exports: rapid growth, great potential

Wood exports: rapid growth, great potential

VCN – Being a key export commodity of the agricultural industry and bringing many billions of dollars, exports of wood and wooden products are expected to continue to remain its stable growth with great potential.
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