Keyword: "import tax"

The regulation on the tax exemption threshold of 1 million VND means that most imported e-commerce goods will not be subject to import tax.

The Government has received a proposal from the Vietnam Feed Association to eliminate the import tax on soybean meal, currently set at 2%.

Minister of Industry and Trade Tran Tuan Anh on November 7 cleared up questions raised by National Assembly deputies regarding the aluminum shipment labeled as made-in-Vietnam product and worth 4.3 billion USD to the US by a Chinese-invested business in the southern province of Ba Ria-Vung Tau.

The domestic market is expected to see considerable changesin 2019 as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) becomes effective from January 14, according to market watchers.

China’s reduction of import tax on tra fish will help domestic firms boost exports to the country – the largest market for Vietnamese tra fish.

Vietnamese exports to Africa have faced price-related challenges as they have to compete with other African nations in terms of import tax, given the fact there is no free trade agreement or preferential trade agreement between Vietnam and regional countries. ​

Deputy Prime Minister Vuong Dinh Hue has agreed with the proposal of the Ministry of Finance to exempt three airlines from import tax.

Vietnam’s import tax on complete built-up units from ASEAN was reduced to zero percent as from Jan. 1 this year. The accord helps reduce the prices of imported cars, meeting consumers’ aspiration.

Importing used cars with nine seats and less will become harder if a proposal to raise used car tariffs is approved by the Government.

Prime Minister Nguyen Tan Dung has approved calculation of petroleum import tax based on weighted average of the tariffs, taking into account Most Favoured Nation status and Free Trade Agreement.

Some steel companies want the Ministry of Industry and Trade to put up temporary barriers like higher import tax on steel billet and other products until an investigation into dumping is completed.

The free trade agreement between the European Union and Vietnam is expected to push Vietnam’s exports into the demanding EU market, helping the country become industrialised and modernised by 2020.

Import tax on auto spare parts and components may be down to zero percent next year, two years before schedule in 2018, under the ASEAN Free Trade Agreement (FTA).

There could be a 2 percent to 20 percent increase in import tax on various types of trucks, according to a circular drafted by the Ministry of Finance.

The Ministry of Finance on August 3 proposed that the Prime Minister temporarily stop collecting export tariffs levied at five percent on tapioca chips since the business was facing difficulties.