Vietnam to Exempt Import Duties for Certain Auto Parts
Vietnam will exempt auto parts from import duties if those parts are not also available from domestic suppliers, the Hong Kong Trade Development Council said in a June 8 report. The measure, effective July 10, will cover “all automotive parts”…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
imported for domestic assembly and manufacturing, including “input material” imported for production of “automotive components,” the report said. To qualify for the exemption, parts must have been assembled without having undergone a “manufacturing process” before they were imported, the report said. The measure will apply to all auto parts imported before 2025. Manufacturers will only be eligible to access such benefits for six months of the year, January through June, or July through December.