FROM 2018, APPLY IMPORT DUTY RATES 0% WITH GOODS FROM KOREA AND 9 ASEAN COUNTRIES
In order to implement the ASEAN-Korea Trade in Goods Agreement (AKFTA), on December 27, 2017, the Government issued Vietnam’s Special Preferential Import
Tariff to implement the ASEAN-Korea Trade in Goods Agreement during 2018-2022 at the Decree No. 157/2017/ND-CP. Accordingly, from January 01, 2018 to December 31, 2022, there are thousands of goods shall be applied special preferential import duty rates 0%. To be eligible for AKFTA duty rates, imports must fully satisfy the following conditions: Being imported into Vietnam from the member countries of the ASEAN-Korea Trade in Goods Agreement; Being specified in the Special Preferential Import Tariff promulgated together with this Decree; Being transported to Vietnam directly from an exporting country; Satisfying the rules of origin in the ASEAN-Korea Trade in Goods Agreement and having a certificate of origin (C/O), form AK, in accordance with the current regulations.
With regards to goods produced at Kaesong Industrial Complex in the territory of the Democratic People’s Republic of Korea (GIC goods), must fully satisfy the following conditions: Being commodity items with symbol “GIC” in column “GIC” of the Tariff promulgated together with this Decree; Being imported from the Republic of Korea into Vietnam; Being transported directly from the Republic of Korea to Vietnam; Satisfying the rules of origin specified in the ASEAN-Korea Trade in Goods Agreement regarding goods subject to Rule 6 - AKFTA, and having a certificate of origin (C/O), form AK, with “Rule 6” printed in box 8 issued by a Korean agency competent to issue C/Os, form AK.
This Decree takes effect on January 01, 2018.
