The Ministry of Finance (“MOF”) has released a draft decree promulgating the management of exported and imported goods in cross-border e-commerce (“Draft Decree”). This is considered a positive Government initiative designed to facilitate, and ultimately expedite, the flow of e-commerce goods into Vietnam. An alternative for e-commerce transactions in customs…
The Agreement on Investment among the Governments of the Hong Kong Special Administrative Region of the People’s Republic of China and the Member States of the Association of Southeast Asian Nations (“AHK-IA”) introduces investment protection and transfer guarantees for investments between Vietnam, Laos, Myanmar, Singapore, and Thailand and Hong Kong…
On 26 June 2019, the Government issued Decree No. 57/2019/ND-CP (“Decree No. 57”) effective on 26 June 2019 to implement Vietnam’s tariff commitments on exports and imports under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (“CPTPP”) Decree No. 57 sets forth the tariff rates applicable to countries which already…
On June 30th 2019, the EU and Vietnam signed the EU – Vietnam Free Trade Agreement (EVFTA) and the EU – Vietnam Investment Protection Agreement (EVIPA) in Hanoi. The EU and Vietnam began negotiations on the EVFTA in 2012 and expect the EVFTA may enter into force before the end of 2019. What…
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially entered into force for Vietnam on 14 January 2019. From a customs perspective, there are a number of noteworthy issues as follows: 1. Drastic Tariff Elimination and Reduction CPTPP member countries agreed to eliminate duties on 97% to 100% of…