IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 24 Feb 2011 | Removal date: open ended
Still in force

Import tariff

On 14 January 2011, the ministry had already given preferential import treatment to designated petrol products. The regulations of February 2011 are to refine these. The Ministry has engaged in a series of import tariff reductions for petrol products since April 2010.
On 23 February 2011, the Vietnamese Ministry of Finance announced the preferential treatment of various petroleum protacts with respect to import duties.
From 24 February 2011, imports falling under HS code 2710 will become subject to lowered import duties. Among these, the import duties on kerosene and muzet have been remove altogether. Prior to the change, these two products had been subject to a duty of 2 percent.
 
 
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

333 Petroleum oils & oils of bituminous materials, other than crude
2710 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic con
271012 Light oils and preparations
271019 Other
271020 Petroleum oils and oils obtained from bituminous minerals (other than crude) and preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the bas

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