On 11th March, 2021, the Vietnamese government issued Decree 18/2021/NĐ-CP on adjustments in Import – Export taxes in 2021, based on Decree 122/2016/NĐ-CP in 2016. Those changes improve the shortcomings in the previous decrees, motivate some forms of import-export, enhance national competitiveness, and in line with international practices. 

 

1. Supplement regulations on the application of export tax on on-spot import-export goods

• On-spot exports subject to export tax rates specified in Decree 122/2016 / ND-CP, amending and supplementing parts in Decree 57/2020 / ND-CP and Decree 125/2017 / ND-CP, and other supplementing documents (if any) on Export Tariffs, Preferential Import Tariffs, List of Goods and Absolute Tax Rates, Taxes mixture, import taxes beyond tariff quotas. 
• On-spot imported goods (except for on-spot imported goods from a non-tariff zone specified at Point c of this Clause) subject to the preferential import tax rates specified in Decree 125/2017 / ND-CP, Decree 57/2020 / ND-CP and other supplementing documents (if any).
• Goods that satisfy origin conditions from countries, groups of countries or territories that grant most-favored nation treatment in trade relations with Vietnam are imported on the spot from the non-tariff zone into the domestic market; goods produced, processed, recycled or assembled in a non-tariff zone that do not meet the conditions for enjoying the special preferential import tax rates imported on the spot from the non-tariff zone into the domestic market, Apply the preferential import tax rates specified in Decree 125/2017 / ND-CP, Decree 57/2020 / ND-CP and documents amending, supplementing, replacing (if any).

2. Simplifying the taxation procedures to be in line with the international practices by exempting taxes for some goods, including:

• Taxes are exempt for goods eligible for tax refund but for which tax has not been paid as prescribed:

+ Tax refund for exported goods that must be re-imported;

+ Tax refund for imported goods that must be re-exported;

+ Tax refund for machinery, equipment, tools and means of transport of organizations and individuals permitted to be temporarily imported for re-export;

+ Tax refund for goods imported for production and business but for which products have been exported;

+ Tax refund for taxpayers that have paid import-export tax but have no import-export or import-export goods less than those for import-export goods for which tax has been paid; No tax refund for the case with the minimum tax amount.

• Taxes are exempt for goods not subject to import and export tax.

+ Tax refund for exported goods that must be re-imported;

+ Tax refund for imported goods that must be re-exported.

3. List of countries, groups of countries or territories that grant most-favored nation treatment in trade relations with Vietnam

Ordinary number	Countries/Territories	Ordinary number	Countries/Territories
1	Republic of Albania	87	Kingdom of Oman
2	People’s Republic of Angola	88	Islamic Republic of Pakistan
3	Antigua and Barbuda	89	Republic of Panama
4	Republic of Argentina	90	Papua New Guinea
5	Republic of Armenia	91	Paraguay Republic
6	Commonwealth of Australia	92	Republic of Peru
7	Kingdom of Bahrain	93	Republic of the Philippines
8	Bangladesh People’s Republic	94	Qatar
9	Barbados	95	Rwanda Republic
10	Belize	96	Federation of Saint Kitts and Nevis
11	Bénin	97	Saint Lucia
12	Bolivian Republic	98	Saint Vincent and the Grenadines
13	Republic of Botswana	99	Kingdom of Saudi Arabia
14	Federal Republic of Brazil	100	Senegal
15	Darussalam Brunei	101	Republic of Sierra Leone
16	Burkina Faso	102	Republic of Singapore
17	Burundi Republic	103	Solomon Islands
18	Kingdom of Cambodia	104	South Africa
19	Republic of Cameroon	105	Sri Lanka Socialist Democratic Republic
20	Republic of Canada	106	Suriname Republic
21	Central African Republic	107	Kingdom of Swaziland
22	Republic of Chad	108	Swiss Federation
23	Republic of Chile	109	Chinese Taipei
24	People’s Republic of China	110	Tanzania Unified Republic
25	Republic of Colombia	111	Thailand Kingdom
26	Republic of the Congo	112	Republic of Togo
27	Costa Rican Republic	113	Trinidad and Tobago
28	Ivory Coast Republic	114	Tunisia Republic
29	Republic of Croatia	115	Republic of Turkey
30	Republic of Cuba	116	Republic of Uganda
31	Democratic Republic of the Congo	117	United Arab Emirates
32	Djibouti Republic	118	The United States of America
33	Dominica (island nation)	119	Republic of Uruguay
34	Dominican Republic	120	Republic of Venezuela
35	Republic of Ecuador	121	Republic of Zambia
36	Arab Republic of Egypt	122	Republic of Zimbabwe
37	Republic of El Salvador	123	Republic of Ailen
38	European Community (27 Countries)	124	United Kingdom and Northern Ireland
39	Republic of the Fiji Island	125	Republic of Austria
40	Republic of Macedonia	126	Polish Republic
41	Gabon Republic	127	Kingdom of Belgium
42	Republic of the Gambia	128	Portuguese Republic
43	Gruzia	129	Kingdom of Denmark
44	Republic of Ghana	130	Germany
45	Grenada	131	Estonian Republic
46	Republic of Guatemala	132	Netherlands
47	Guinée Republic	133	Hungarian Republic
48	Guinea Republic	134	Greek Republic
49	Republic of Guyana	135	Republic of Italy
50	Haitian Republic	136	Republic of Latvia
51	Republic of Honduras	137	Lithuania
52	Hong Kong Special Economic Zone	138	The great Duchy of Luxembourg
53	Republic of Iceland	139	Manta Republic
54	Republic of India	140	French Republic
55	Republic of Indonesia	141	Republic of Finland
56	Israel	142	Czech Republic
57	Jamaica	143	Republic of Cyprus
58	Japan	144	Slovak Republic
59	Kingdom of Jordan	145	Republic of Slovenia
60	Republic of Kenya	146	Kingdom of Spain
61	The Republic of Korea	147	Kingdom of Sweden
62	Kuwait	148	Bulgarian Republic
63	Kyrgyz Republic	149	Republic of Romania
64	Kingdom of Lesotho	150	Afghanistan
65	The Principality of Liechtenstein	151	Montenegro
66	Macau Special Administrative	152	Samoa
67	Republic of Madagascar	153	Tonga
68	Malawi	154	Vanuatu
69	Malaysia	155	Yemen
70	Republic of Maldives	156	Ukraine
71	Republic of Mali	157	Tajikistan
72	Mauritania Islamic Republic	158	Seychelles
73	Republic of Mauritius	159	Russian Federation
74	Mexico	160	Liberia
75	Republic of Moldova	161	Laos
76	Mongolian People’s Republic	162	Kazakhstan
77	Kingdom of Morocco	163	Cabo Verde
78	Republic of Mozambique	164	Republic of Algeria
79	Federation of Myanmar	165	Republic of Belarus
80	Republic of Namibia	166	Islamic Republic of Israel
81	Nepal	167	Iraqi Republic
82	New Zealand	168	Lebanese Republic
83	Nicaragua Republic	169	Palestine
84	Niger Republic	170	People’s Democratic Republic of Korea
85	Federal Republic of Nigeria	171	Uzbekistan
86	Kingdom of Norway	172	Syrian Arab Republic

Register to join Noble Network here!