VCN – Many goods are subject to import and export rate of 0%, so the determination of customs value is only for statistics.
The Ministry of Finance is continuously researching for completing and presenting to the Government the issuing of some Decrees on cutting down and simplifying 29 business conditions
General Department of Vietnam Customs organized a conference for taking comments from local Customs and enterprises about a draft Decree for amending and supplementing Decree 68/2016/NĐ-CP
VCN - Imported machinery, equipment, raw materials, supplies, components and semi-finished products which cannot be domestically manufactured for shipbuilding are exempt from tax.
Customs will deploy 5 thematic programs of Customs - Business in 2017 in order to help enterprises understand and prepare the necessary conditions to implement new legislation.
Currently, the operations of selling duty-free is stipulated in Decree 68/2016/NDCP of the Government about business conditions, warehouses, places of doing Customs procedures, regrouping, Customs inspections and supervision.
VCN- A bonded warehouse must have a minimum area of 5,000 m2 (including the storehouse, yards and ancillary works), the storehouse area must be at least 1.000 m2 or more.