Vietnam intensifies auto origin inspection from ASEAN, India

SGGP
The General Department of Vietnam Customs has required customs divisions in provinces and cities to intensify inspecting the origin of automobiles imported from ASEAN and India.

An auto shop in HCMC (Photo: SGGP)

An auto shop in HCMC (Photo: SGGP)

According to an announcement by the Ministry of Industry and Trade on Thursday, automobiles from these two markets have been applied special preferential tax rates within the framework of free trade agreements which Vietnam has implemented.
Customs divisions have been asked to strengthen origin inspection over CBU (completely built unit) cars from ASEAN and India in line with the Ministry of Finance’s Circular 38, the Ministry of Industry and Trade’s circulars on Certificate of Origin to enjoy the tax incentive.
The inspection should also accord with the General Customs Department’s Decision 4286 on origin inspection process and writing guidelines by the Ministry of Finance.

By LAC PHONG – Translated by Hai Mien

Other news

Most view

A corner of Cat Lai seaport, HCMC (Photo: SGGP)

Vietnam Export Forum 2017 to take place in August

Vietnam Export Forum 2017 will be organized on August 8, expected to attract 400 delegates from ministries, agencies and leading businesses in HCMC and provinces, announced HCMC Investment and Trade Promotion Centre yesterday.

Banking-finance

SBV prepares bad debt settlement plan

The central bank on Friday held an online conference to prepare for the implementation of the scheme to settle non-performing loans (NPL) and restructure credit institutions in the 2016-20 period.
 

Economy

Self - introduction

“Taste of world” buffet in Liberty Central Saigon Center

Central restaurant is located on the 3rd floor of Liberty Central Saigon City point hotel where combines the comfort of tradition with modern design for people to experience regionally-sourced cuisine and fresh local seafood, especially lunch and dinner buffet.

Stock market

Share performance to be mixed: analysts

Mixed share performance is expected this week and market sentiment is forecast to remain weak before companies release their second-quarter earnings reports.