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Ngoc Trung Tran

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Ngoc Trung Tran is a Senior Regulatory Advisor in Baker McKenzie's Ho Chi Minh City office.

Government Resolution No. 178/NQ-CP dated 12 December 2020, approves the Ministry of Finance’s proposal to grant import duty exemptions for materials imported by export manufacturers for outsourcing activities. Specifically, if export manufacturers subcontract specific processing steps to third parties, any materials imported by the export manufacturers for the implementation of such processing steps will also be exempted from import duties.

On 23 February 2021, the General Department of Customs issued Official Letter No. 879/TCHQ-TXNK (OL 879) to provide guidelines on the implementation of the Resolution.

Vietnam’s automotive industry has experienced steady progress in recent years. With Vietnam having a population of nearly 100 million and a sustainable economy, this growth trend is expected to continue. The development of Vietnam’s automotive industry remains one of the government’s main focuses, with new laws and policies to promote…

Vietnam’s automotive industry has experienced steady progress in recent years. With Vietnam having a population of nearly 100 million and a sustainable economy, this growth trend is expected to continue.

The development of Vietnam’s automotive industry remains one of the government’s main focuses, with new laws and policies to promote the development of this industry.

Baker McKenzie’s new publication, Tax, Customs and Regulatory Aspects of Vietnam’s Automobile Industry, aims to provide an initial view of key legal aspects that affect Vietnam’s automobile industry.

On 18 September 2020, the Government issued Decree No. 111/2020/ND-CP on Vietnam’s Preferential Export Tariffs and Special Preferential Import Tariffs for the implementation of Vietnam’s commitments on opening the market for goods under the Free Trade Agreement between the Socialist Republic of Vietnam and the European Union (“EVFTA”) for the period 2020 – 2022 (“Decree No. 111”).