Vietnam
Tariffs/Taxes
Imports
As a member of ASEAN and participant of
AFTA, Vietnam is subject to the Common
Effective Preferential Tariff (CEPT) scheme,
which applies tariff rates of between zero
and 5 percent to goods with at least 40
percent ASEAN content if traded within
ASEAN. The CEPT covers around 98
percent of all tariffs..
Goods from outside ASEAN are subject to
45 different tariff rates, which range up to
135 percent.
Most machinery, medicine and equipment
are exempt from tariffs, as are imports of any
foreign enterprise that is incorporated under
foreign investment law.
Exports
Some exports are subject to tariffs.
Financing requirements
There are no financing requirements for
imports or exports.
Prohibited items
Imports
Weapons, military equipment, non-medical
drugs, toxic chemicals, pornographic and
reactionary written material, and some other
specified consumer goods.
Goods can also be prohibited if they are
deemed to pose a threat to the national
security of Vietnam or natural fauna and
flora, or for moral reasons.
Exports
Rare fauna and flora, antiques, rare or wild
animals, military equipment and ammunition,
toxic waste, forest timber, non-medical
drugs, certain plants and cipher software.
