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Vietnam: Newly proposed decree on the customs procedure for e-commerce goods

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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…

Vietnam Imposes Preliminary Anti-Dumping Duties on Chinese Hot-Rolled Steel

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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…

Asia Pacific: Vietnam to Propose Updates to Regulations On Civil Encryption Products

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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…

Proposed abolishment of On The Spot Export/Import scheme

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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…