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: 21 Dec 2008 | Removal date: open ended
Still in force

Import tariff

Since December 2008, the Vietnamese government has raised import tariffs on selected steel products on three different occasions.
 
On 19 December 2008 the Ministry of Finance issued Decision No 115/2008/QĐ that raises the tariffs on selected steel products. The Decision took effect on 21 December 2009.
 
Specifically, the import tariff on semi-finished products of iron or non-alloy steel containing by weight less than 0.25% of carbon rose from 2% to 5%.
 
Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel; other bars of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling and other bars and rods of iron or non-alloy steel saw the tariffs applied to imports rise from 5% to 12%.
 
Note, however, that free-cutting steel, not further worked than cold-formed or cold-finished, retains its zero tariff rate.
 
On 25 March 2009, the Ministry of Finance published an amendment changing tariffs on flat-rolled products of iron or non-alloy steel, wire of iron or non-alloy steel as well as tubes and pipes of iron and non-alloy steel.
 
In a third step, the Ministry of Finance decided to raise the import tariff on several steel from 0 to 10 percent from 20 April 2009. This is the maximum tariff allowed under the nation's WTO commitments. This step was taken "in an effort to prevent from replacement construction steel with low-taxed imported alloy steel." 
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

411 Basic iron & steel
7207 Semifinished products of iron or nonalloy steel.
720711 Of rectangular (including square) crosssection, the width measuring less than twice the thickness
720712 Other, of rectangular (other than square) crosssection
720719 Other
720720 Containing by weight 0.25 % or more of carbon
412 Products of iron or steel
7209 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, coldrolled (coldreduced), not clad, plated or coated.
720915 Of a thickness of 3 mm or more
720916 Of a thickness exceeding 1 mm but less than 3 mm
720917 Of a thickness of 0.5 mm or more but not exceeding 1 mm
720918 Of a thickness of less than 0.5 mm
720925 Of a thickness of 3 mm or more
720990 Other
7210 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, clad, plated or coated.
721012 Of a thickness of less than 0.5 mm
721030 Electrolytically plated or coated with zinc
721049 Other
721050 Plated or coated with chromium oxides or with chromium and chromium oxides
721061 Plated or coated with aluminiumzinc alloys
721070 Painted, varnished or coated with plastics
721090 Other
7213 Bars and rods, hotrolled, in irregularly wound coils, of iron or nonalloy steel.
721310 Containing indentations, ribs, grooves or other deformations produced during the rolling process
721320 Other, of freecutting steel
721391 Of circular crosssection measuring less than 14 mm in diameter
721399 Other
7214 Other bars and rods of iron or nonalloy steel, not further worked than forged, hotrolled, hotdrawn or hotextruded, but including those twisted after rolling.
721410 Forged
721420 Containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling
721499 Other
7215 Other bars and rods of iron or nonalloy steel.
721590 Other
7217 Wire of iron or nonalloy steel.
721710 Not plated or coated, whether or not polished
721720 Plated or coated with zinc
721730 Plated or coated with other base metals
7227 Bars and rods, hotrolled, in irregularly wound coils, of other alloy steel.
722720 Of silicomanganese steel
722790 Other
7228 Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or nonalloy steel.
722820 Bars and rods, of silicomanganese steel
722830 Other bars and rods, not further worked than hotrolled, hotdrawn or extruded
722850 Other bars and rods, not further worked than coldformed or cold finished
722860 Other bars and rods
722870 Angles, shapes and sections
7306 Other tubes, pipes and hollow profiles (for example, open seam or welded, riveted or similarly closed), of iron or steel.
730611 Welded, of stainless steel
730619 Other
730629 Other
730630 Other, welded, of circular crosssection, of iron or nonalloy steel
730640 Other, welded, of circular crosssection, of stainless steel
730690 Other

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