International Cooperation Agreement of Vietnam

 15.05.2020

International Cooperation Agreement of Vietnam

To comply with the terms of accession to the WTO, Vietnam has signed several Free Trade Agreements (FTA) and Customs Tariff Adjustments.

In accordance with its obligations, Vietnam has already reduced 6,900 tariff lines (72% of all tariffs), to zero percent in 2014. By 2018, Vietnam is zeroing out some import tariffs in connection with the concluded agreements.

From 1 July 2018 goods with 0% of customs tariff in Vietnam:

Business in Vietnam

  • Cars, motorcycles and car parts;
  • Vegetable oil;
  • Tropical fruit;
  • Consumer electronics;
  • Milk and dairy products.

Goods with 5% of customs tariff:

  • Agricultural products such as poultry, chicken, citrus fruit, brown rice, processed meat and sugar.

Goods with 0% of customs tariff from China (ACFTA):

  • Chicken meat;
  • Coffee;
  • Undried tea;
  • Preservatives and semi-finished products;
  • Clothes;
  • Electronic equipment and electronics.

Goods with 0% customs tariff from Japan (VJEPA):

  • Stone building materials;
  • Steel;
  • Aluminum;
  • Sugar;
  • Cars;
  • Car parts.

Goods with 0% customs tariff from South Korea (ACFTA):

  • Seafood;
  • Wheat;
  • Confectionery;
  • Diesel fuel;
  • Electronic equipment.

Goods with 0% customs tariff from Eurasian Economic Union (VEAS):

  • Milk and dairy products;
  • Cars and car parts;
  • Iron, steel and products of steel.

Vietnam - India (AIFTA) - current import tax rates from 1% to 3% will decrease to zero by 2019.

Vietnam - Chile (VCFTA) - customs import tax rates will decrease to zero by 2022.

Vietnam - Australia and New Zealand (AANZFTA).

 

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Read also:

Starting a company with foreign investment in Vietnam

The basic taxes for all enterprises registered in Vietnam

Tax benefits for enterprises in Vietnam