New Import Tariff Regime Kicks in with WTO Membership

Vietnam‘s customs department has instructed its offices around the country to adopt preferential import tariffs dictated by WTO rules as of January 11 when the country became a WTO member.
The average tax will be gradually lowered on all items to 13.4 percent in 5-7 years.

It will begin this year with cuts on a third of the total 10,600 tariff lines, mainly those with tariffs rates of more than 30 percent now.