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  • Will Vietnam abolish a duty exemption for low-cost imported goods?
  • Hanoi: Vietnam will abolish a duty exemption for low-cost imported goods from February 18, the government said on Saturday, in a move targeted at e-commerce platforms.
  • When does Vietnam end import duty & VAT exemptions?
  • From February 18, 2025, Vietnam will end import duty and VAT exemptions for goods valued under 1 million VND ($40) sent via express delivery, under a new government directive. Imported goods valued under 1 million VND via express delivery will not be tax-exempt. Illustrative photo: Thach Thao. Decision 01 ends previous tax exemptions
  • Are local goods subject to VAT?
  • While local products are subject to VAT, imported goods under 1 million VND via express delivery were exempt, creating an uneven playing field. The exemption encouraged price imbalances, affecting the competitiveness of local goods.
  • Will imports be free of duty in China?
  • Such imports worth less than 1 million dong ($39.37) had been free of duty since 2010, but a decision on Friday, signed by Deputy Prime Minister Ho Duc Phoc scraps the exemption, the government said in a statement. The decision follows a call from parliament in November for the move.
  • How are customs declarations processed in Vietnam?
  • Over 99% of customs declarations are now processed electronically through Vietnam’s automated clearance system (VNACCS/VCIS), making the system more capable of handling large volumes of daily declarations.