On July 29, 2024, the GDC issued Official Letter No. 1238/GSQL-GQ2 to answer questions about export and import rights of FDI enterprises. The GDC opinions on this issue are as follows:    1. Regarding Import Rights:  In case the FDI enterprise has been licensed to exercise the right to import (ac...

To address this issue, the GDC recently issued Official Letter No. 3701/TCHQ-TXNK on July 31, 2024.  Firstly, the GDC affirms that duty-free imported goods that have cleared customs but later change their purpose of use must have a new customs declaration made.  The procedure is implemented accord...

The Government of Vietnam has just issued Decree No. 81/2024/ND-CP. Attached to this Decree is Vietnam’s Special Preferential Import Tariff, implementing the ASEAN and Korea Trade Agreement (AKFTA) in the period of 2023 – 2027. This tariff is effective from July 4, 2024. The new AKFTA tariff...

From June 20, 2024, refurbished goods businesses can carry out administrative procedures according to the guidance in Decision No.1625/QD-BCT of the Ministry of Industry and Trade. The procedures include: Issue a Refurbishment Code Renewal of Refurbishment Code Amendment and supplementation of infor...

On July 1, 2024, the Ministry of Industry and Trade issued Decision No. 1725/QD-BCT regulating the “List of items subject to energy efficiency inspection and energy labeling“. Accordingly, goods belonging to groups (according to HS codes) and in accordance with the detailed description i...

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The Vietnamese Government has recently issued Decree 72/2024/ND-CP regulating the value-added tax (VAT) reduction policy in the second half of 2024.  Basically, Decree 72/2024/ND-CP has similar content to Decree No. 94/2023/ND-CP. The notable contents of this Decree are as follows:     Validity...