Us vietnam bilateral trade agreement preferential tariff

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• Vietnam Country Commercial Guide
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    Import Tariffs Last published date: 2024-01-30

    In addition to significant drops in tariff rates when Vietnam first joined the WTO in January 2007, tariffs have decreased steadily over the ensuing years. Thus, most U.S. exports now face tariffs of 15% or less. However, in recent years, Vietnam has increased applied tariff rates on several products, and although the rates remain below its WTO bound levels, foreign businesses have been affected by the increases. Most of the products for which tariffs have increased are produced by Vietnamese companies.

    Decree 26/2023/ND-CP promulgated schedules of import tariffs and preferential import tariffs, list of goods and its flat tax, compound tariff, and out-of-quota import tariff U.S. companies that need to perform customs clearance, produce tasks related to goods classification, quality control implementation, or imported/exported food safety inspections are subject to Circular No. 14/2015/TT-BTC. Decree 134/2016/ND-CP provides guidelines for the law of export and import duties. Article 16 of the Law No. 107/2016/QH13 on export and import duty regulates tax exemptions.

    To look up duties and tariffs use, use the Customs Info Database tariff look-up tool, available on trade.gov (free registration required), to estimate duties and taxes.