ANNOUNCEMENT 27 Jun 2013

In June 2013, the government of Vietnam announced a general change in export conditions.

NUMBER OF INTERVENTIONS

2

  • 0 harmful
  • 0 neutral
  • 2 liberalising
Inception date: 01 Aug 2013 | Removal date: open ended
Still in force

Import-related non-tariff measure, nes

On 27 June 2013, the Vietnamese Ministry of Finance issued Circular 86/2013/TT-BTC, which reduces the requirements for companies engaged in the import or export of goods to get prefential treatment from the customs authorities. The Circular replaces Circular 63/2011/TT-BTC of13 May 2011 and Ciruclar 105/2011/TT-BTC of 12 July 2011.
 
According to the new circular,

  • all companies with USD 200 million or greater in annual trade revenue shall receive fast-tracked approval from customs agents. The previous minimum requirement was a revenue of USD 350 million.
  • the revenue threshold is lowered to USD 50 million for certain enterprises engaged in the export of agricultural commodities, fisheries, textiles, shoes and leather goods, or the import of raw materials for these industries.
  • enterprises certified by the Vietnamese Ministry of Science and Technology as high-tech enterprises shall be prioritized with respect to their input imports, and those enterprises exporting high-tech products are exempt from any revenue hurdle.
  • the procedure for companies that wish to receive preferential treatmentis simplified.

The Circular is effective from 1 August 2013.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: 01 Aug 2013 | Removal date: open ended
Still in force

Export-related non-tariff measure, nes

On 27 June 2013, the Vietnamese Ministry of Finance issued Circular 86/2013/TT-BTC, which reduces the requirements for companies engaged in the import or export of goods to get prefential treatment from the customs authorities. The Circular replaces Circular 63/2011/TT-BTC of13 May 2011 and Ciruclar 105/2011/TT-BTC of 12 July 2011.
 
According to the new circular,

  • all companies with USD 200 million or greater in annual trade revenue shall receive fast-tracked approval from customs agents. The previous minimum requirement was a revenue of USD 350 million.
  • the revenue threshold is lowered to USD 50 million for certain enterprises engaged in the export of agricultural commodities, fisheries, textiles, shoes and leather goods, or the import of raw materials for these industries.
  • enterprises certified by the Vietnamese Ministry of Science and Technology as high-tech enterprises shall be prioritized with respect to their input imports, and those enterprises exporting high-tech products are exempt from any revenue hurdle.
  • the procedure for companies that wish to receive preferential treatmentis simplified.

The Circular is effective from 1 August 2013.

 
N/A
 
N/A