Vietnam adds to the list of goods enjoying 0% import tax rate

Vietnamese media reported that the Vietnamese Ministry of Finance recently announced Notice No. 101/2015/tt-btc, which will add additional preferential import tariffs for raw materials and spare parts used in the production of key information industry products compared to the current Notice No. 164/2013/tt-btc of the Ministry of Finance. The above-mentioned goods belong to Chapter 98 of the Preferential Import Tax Table (Notice No. 164/2013/tt-btc). The specific table is as follows:

Product CodeProduct DescriptionCorresponding toSchedule 1ProductNumberTaX Rate0%
9834Materials and Parts for ManufacturingInformation Industry Products   
9834 1100Rubber PU materials, and assembliescapable of withstanding 150’c for hightemperature buttons4016 99 990% 
9834 1200Other iron or steel products7318 15 000% 
9834 1210Stainless steel wire, diameter ≤1.4mm7318 15 000% 
9834 1290Other industrial information products.raw materials and parts7326 90 990%

Notice No. 101/2015/tt-btc will take effect on August 13, 2015.

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