Import duty and export duty

Import duty: Import duty rates include preferential rates, special preferential rates and ordinary rates and are applied as follows:

a) Preferential rates applied to imports originating in any country, group of countries or territories that accord Vietnam most-favored-nation treatment in trade relations with Vietnam;

b) Special preferential rates applied to imports originating in any country, group of countries or territories that have agreements on special preferential import duties in trade relations with Vietnam (under free trade agreements – FTAs);

c) Ordinary rates applied to imports other than those mentioned above and equal to 150% of the preferential rates applied to the corresponding goods.

Exemption from import duty: FDI enterprises shall be exempted from import duty for the followings:
- Materials, supplies and components imported for production of export goods or contract-manufacturing of export products;
- Goods imported to create fixed assets of entities entitled to investment incentives in accordance with the law on investment, including: machinery, equipment; components; specialized transportation means of technology lines used directly for the production activities of projects; raw materials, supplies and components which cannot be domestically produced and need be imported, etc.