Import and export duty rates are subject to frequent changes (normally being updated at the end of a calendar year).
Import duty rates are classiﬁed into 3 categories: ordinary rates, preferential rates and special preferential rates. Preferential rates are applicable to imported goods from countries that have Most Favoured Nation (MFN, also known as Normal Trade Relations) status with Vietnam. The MFN rates are in accordance with Vietnam’s WTO commitments and are applicable to goods imported from other member countries of the WTO.
Special preferential rates are applicable to imported goods from countries which have a special preferential trade agreement with Vietnam. Currently, effective free trade agreements (“FTA”) to which Vietnam is a party include FTAs, between ASEAN member states, between ASEAN member states and Japan, China, India, Korea, Australia – New Zealand, Vietnam and Japan, Chile, Korea, Cambodia, Laos, and FTAs between Vietnam and Eurasian Economic Union (Vietnam and the Customs Union of Russia, Belarus, Kazakhstan).
Vietnam has concluded 3 important agreements, the ASEAN – Hong Kong FTA (AHKFTA), the European Union FTA (EVFTA), and the Comprehensive and Progressive Trans-Paciﬁc Partnership (CP-TPP). In addition, Vietnam is negotiating other agreements including the Regional Comprehensive Economic Partnership (RCEP) and the FTAs with European Free Trade Association (Vietnam and Iceland, Liechtenstein, Norway, Switzerland), and with Israel.
To be eligible for preferential rates or special preferential rates, the imported goods must be accompanied by an appropriate Certiﬁcate of Origin. When goods are sourced from non-preferential treatment/non-favoured countries, the ordinary rate (being the MFN rate with a 50% surcharge) is imposed.