Pilot policies approved for development of Ho Chi Minh City (“HCMC”)

02 January, 2018

On 24 November, the National Assembly approved Resolution No. 54/2017/QH14 (“Resolution 54”) setting out pilot policies for HCMC, aiming to foster increased growth of the city. 

Resolution 54 takes effect from 15 January 2018 and its progress will be reviewed in 2020.

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Customs Update: Stricter checks on application of special preferential import tariffs

Recently during some post-clearance audits, there have been a number of cases of Customs rejecting submitted Certificates of Origin (“C/O”) claiming special preferential import tariffs in accordance with Free Trade Agreements between Vietnam and other countries. Customs seem to be more stringent on the verification of the validity of the C/O before such C/O is accepted to allow the importers to apply the rates committed in the FTAs.

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Richard J. Irwin
Chairman/Partner, Tax Services, PwC Vietnam
Tel: +84 28 3823 0796

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