TRADE WITH VIET­NAM

Perfect Sourcing - - White Paper -

Viet­nam has al­ready elim­i­nated many non-tar­iff bar­ri­ers un­der the 2001 United States-viet­nam Bi­lat­eral Trade Agree­ment (BTA) and through its ac­ces­sion to the WTO. It im­ple­mented the 2006 Cus­toms law (WTO Cus­toms Val­u­a­tion Agree­ment), sig­nif­i­cantly im­prov­ing its cus­toms val­u­a­tion process. Im­port rights are granted to all goods ex­cept cer­tain prod­uct cat­e­gories like weaponry, am­mu­ni­tion, mil­i­tary tech­ni­cal equip­ment, types of pub­li­ca­tions and cul­tural prod­ucts, etc.

Viet­nam has 6 re­gional FTAS signed as a mem­ber of ASEAN, in­clud­ing ASEAN Free Trade Area (AFTA), five FTAS with China, Ja­pan, South Korea, In­dia, Aus­tralia and New Zealand, and 4 bi­lat­eral FTAS with Chile, Ja­pan, South Korea and the Eura­sia Eco­nomic Union (EAEU). EU is also one of the most im­por­tant trade part­ners of Viet­nam, and the Eu-viet­nam FTA plays an im­por­tant role in this part­ner­ship. All these FTAS make Viet­nam an at­trac­tive lo­ca­tion for for­eign in­vest­ments.

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