THE PLAN ON IMPLEMENTING THE VIETNAM-USA CUSTOMS MUTUAL ASSISTANCE AGREEMENT
On July 17, 2020, the Prime Minister issues the Decision No. 1047/QD-TTg on approving the Plan on performance of the Customs Mutual Assistance Agreement between the Government of the Socialist Republic of Vietnam and the Government of the United States of America.
Specifically, the Customs Mutual Assistance Agreement between the Government of the Socialist Republic of Vietnam and the Government of the United States of America takes effect on May 20, 2020. For this reason, the Ministry of Finance shall direct its affiliated units to implement the Agreement according to a specific roadmap on the basis of discussion and agreement with the US party.
Accordingly, to reach an agreement with the United States of America on specific methods and plans to implement the Agreement with the fields and goods to be given priority that shall be focused when exchanging and sharing information (goods with high risk of origin and transshipment fraud to evade taxes and other trade remedies, information about regulations and policies of customs management, programs and advance practices and modern technology being applied in the customs field, etc.).
There is no regulation in the Agreement that is contrary or not yet prescribed in the current law, at the same time, according to the Agreement, all the assistance activities under the Agreement shall be implemented in compliance with legal regulations of each Party and within the scope of ability and current force resource of each Party’s customs agencies. Therefore, it is not required to amend, supplement, repeal or issue new legal normative documents for the Agreement implementation.
This Decision takes effect on the signing date.
