Most Favored Nation import tax rates are to be reduced under a proposal from the Ministry of Finance as Vietnam seeks to enhance its trading environment.
On June 6, the US announced a 24-month import tax exemption for solar panels manufactured in Vietnam, Thailand, Cambodia, and Malaysia. The US Department of Commerce had suspected that solar panels of Chinese origin were being “disguised” as manufactured in the four Southeast Asian countries to evade US import taxes, so began an investigation.