VAT exemption will not be applicable to low-value imports sent via express delivery services
Subjecting goods valued at less than $39.4 to a 10% VAT rate could increase State budget revenue by over $106 million.
US extends anti-dumping duties on warm water shrimp from Vietnam
The US Department of Commerce (DOC) has issued a final conclusion on the third and final review of anti-dumping duties on warm water shrimp imported from China, India, Thailand, and Vietnam. For Vietnam, the DOC relied on national tax rates to determine whether dumping is likely to continue. It decided to maintain the order imposing anti-dumping duties on warm water shrimp from the four countries.
November motor car imports exceed 15,000
The motor car market is becoming more dynamic as the end of the year approaches. More than 15,300 completely-built-up (CBU) motor cars worth $340 million were imported into Vietnam in November, of which 95 per cent were from Thailand, Indonesia, and China. As of the end of the month, imported CBU motor cars stood at nearly 145,000 units for the year as a whole, up 56.7 per cent year-on-year and mostly of nine seats or less.