The Government has recently issued Decree No 39/2020/NĐ-CP on a list of Việt Nam’s special preferential import tariffs to implement the Việt Nam – Cuba Free Trade Agreement from now until 2023.
Accordingly, goods subject to the special preferential tax rates must be imported and directly transported to Việt Nam from Cuba in compliance with the trade deal.
They must meet rules of origin as stipulated in the agreement and be accompanied with certificates of origin (C/O).
Goods imported from Việt Nam’s non-tariff areas are also subject to the preferential tariffs if they satisfy these requirements.
The decree will become effective from May 20.
Source: VNS
Key words: Việt Nam, issues, list, special preferential tariffs, goods imported, Cuba
