31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
Vietnamese Gov’t waives tariff for imported products in Covid-19 fight
Ngoc Mai 20:54, 2021/09/13
Such goods would be treated the same as humanitarian or non-refundable aid.

The Vietnamese Government has decided to waive import tariffs on goods and products in support of the Covid-19 fight.

 Medical equipment imported to support Covid-19 response would be exempted from import tariff. Photo: hcmcpv.org.vn

The move was revealed in resolution No.106/NQ-CP on tax policies for imported products to aid the ongoing efforts against the pandemic.

The resolution noted goods and products imported by individuals or organizations to support the Government, the Ministry of Health (MoH), provinces/cities, or local Vietnam Fatherland Front for such purpose would be entitled to the treatment granted to imported humanitarian or non-refundable aid.

The Government assigned the MoH and local authorities to ensure transparency and publicity in receiving these goods and products to avoid potential acts of policy abuse.

Following requests from the MoH and provinces/cities, in that case, customs authorities are instructed not to collect import tariff or value-added tax accordingly and in compliance with the Law on Value-Added Tax and other regulations.

The resolution has retrospective effects and is applied to goods or products imported for Covid-19 response before its issuance.

In case the import tax amount has already been collected, the customs authorities would proceed with the refund process.

Such treatment would remain effective until the authorities announce the end of the Covid-19 pandemic, noted the resolution.

The Government assigned the MoH to be responsible for medical goods and products imported via donation and aid that meet the requirements for Covid-19 response, while localities are in charge of managing and allocating imported goods to aid their respective efforts against the current outbreak.

TAG: Vietnam government covid-19 pandemic nCoV humanitarian non-refundable aid
Other news
14:35, 2022/35/27
Vietnam among fastest growing economies in East Asia – Pacific region: WB
The GDP growth would rebound to 7.2% in 2022 and moderate to 6.7% in 2023.
16:58, 2022/58/26
Trade ministry eyes Vietnam’s exports to end 2022 on a high note
A diversified network of free trade agreements (FTAs) that Vietnam is a part of serves as a significant boost for the country's exports.
10:50, 2022/50/26
[Infographic] Hanoi ranks second in Vietnam 2022 e-Business Index
Hanoi remained second in the Vietnam 2022 e-Business Index with a score of 85.9, up 30.2 compared to 2021, according to the Vietnam e-Commerce Association (VECOM).
18:21, 2022/21/23
US businesses eye digitalization, energy transition in Vietnam
They share the view that Vietnam remains among the most attractive market in Southeast Asia for those looking for stability and diversification of supply chains.
14:28, 2022/28/22
Hanoi OCOP fair to improve brand recognition
Different stakeholders joining the week-long exhibition are expected to strengthen linkages in the value chain and consumption of the One Commune One Product (OCOP) products.
13:47, 2022/47/21
Vietnam’s strong economic fundamentals drive favorable outlook: ADB
Vietnam’s economy recovered faster than expected in the first half of 2022 and continues to grow amid the challenging global environment.