On July 2, 2025, President Trump announced on a social media post that the United States had entered a trade agreement with Vietnam. According to the post, the agreement will provide for the importation of US products into Vietnam free of tariffs. In exchange, Vietnamese imports will be assessed a 20% duty. Additionally, a 40% tariff will apply to transhipments—i.e., goods originating from third countries shipped to the US via Vietnamese ports. Background Vietnam was…
The Ministry of Finance (MOF) has resumed drafting a decree on the customs procedure for e-commerce goods by releasing a new draft (“Draft Decree”) to govern various issues on cross-border e-commerce. These issues include customs declarants, risk management, data processing, import permit exemption, import duty, customs valuation and the customs procedure. The Draft Decree focuses on the following issues: Owners of websites and applications providing e-commerce services, transportation enterprises, customs brokerage agents, bonded warehouse business…
The Trade Remedy Authority of Vietnam has issued Decision 460/QD-BCT on 21 February 2025 to impose the preliminary anti dumping duty rates against Hot-Rolled Steel (“AD rate”) from China and India. Accordingly, the AD rate only applies to HRS from China. HRS from India shall not be subject to the preliminary AD rate for the reason that the HRS import volume from India does not meet the regulatory minimum amount (3% of total HRS import…
The National Agency of Cryptography and Information Security (NACIS) is currently drafting a new Decree to amend Decree No. 58/2016/ND-CP and its amendments related to cyber information security, including the export/import of civil encryption products (referred to as the “Draft Decree”). The Draft Decree expands the scope of products subject to this regulation and imposes significantly greater monetary fines and penalties for non-compliance which will certainly result in higher scrutiny moving forward. The proposed administrative reforms…
Vietnam currently maintain a drop ship model under which a foreign buyer may purchase goods in Vietnam, and instruct the seller to deliver the goods to another Vietnamese entity, which is called “On The Spot” Export/Import (OTS). Under this OTS scheme, the seller is still qualified as exporting their goods out of Vietnam to enjoy certain tax and duty incentives (i.e import duty exemption of imported materials, 0% VAT).Under this new proposal, OTS scheme is…
Baker McKenzie’s International Commercial & Trade Blog published “Vietnam: New decision imposes anti-circumvention measures on imported cane sugar,” which can be viewed here.
Baker McKenzie’s Global Compliance News Blog published “Asia Pacific: Industrials, manufacturing and transportation webinar series” which can be viewed here.
Baker McKenzie’s Global Compliance News Blog published “Vietnam: New anti-dumping investigation re office desks and chairs originating from China and Malaysia,” which can be viewed here.
Baker McKenzie’s Global Compliance News Blog published “United Kingdom & Vietnam: New circular to implement the UK-Vietnam FTA’s rules of origin,” which can be viewed here.
Baker McKenzie’s InsightPlus published “Vietnam: Early warning – Potential anti-dumping investigation against office desks, chairs and their parts originating from China and Malaysia,” which can be viewed here.