| Foreign investors in Vietnam may need to import | | | | scientific research and development of technology |
| components of their business not be readily available | | | | which cannot yet be created domestically |
| in the local market. | | | | * Raw materials, supplies and components imported |
| Import duty rates regularly change so it is best to | | | | for production under projects in the domains eligible |
| always keep abreast with the latest rates. Authorities | | | | for special investment incentives or in geographical |
| however prefer businesses that do not import | | | | areas with especially difficult socio-economic |
| majority of their manufacturing needs from overseas. | | | | conditions or in the domain of manufacturing |
| Enterprises and business cooperation contract parties | | | | mechanical, electric and electronic components and |
| doing business in the country are allowed the | | | | accessories, are exempt from import tax for five |
| following import tax exemptions: | | | | years from the start of production |
| * Temporary imports for re-export or temporary | | | | * Goods which are manufactured, processed, |
| exports for re-import | | | | recycled or assembled in non-tariff zones without |
| * Movable assets of organizations and individuals | | | | using raw materials or component parts which are |
| brought into or from Vietnam within the permitted | | | | imported from abroad, upon import thereof into the |
| limits | | | | domestic market; in cases where raw materials and |
| * Exports or imports of foreign organizations and | | | | component parts imported from abroad are used, |
| individuals enjoying diplomatic privileges and immunities | | | | upon import of goods into the domestic market, |
| in Vietnam | | | | import duty must be paid on that part of the goods |
| * Goods imported for processing for a foreign party | | | | which is imported raw materials or component parts |
| which are exported or goods exported overseas for | | | | which form a constituent part of such goods |
| processing for a Vietnamese party which are | | | | * Plant varieties and livestock breeds permitted to be |
| re-imported pursuant to a processing contract. These | | | | imported for implementation of investment projects |
| imported articles shall be subject to a temporary | | | | in agriculture, forestry and fisheries. |
| import duty but a tax refund may be claimed when | | | | * Goods imported for petroleum activities |
| the goods are exported | | | | * Shipbuilders are exempt from export duty with |
| * Goods which are imported in order to form fixed | | | | regard to exported seagoing ships and from import |
| assets of a project which is an encouraged | | | | duty with regard to machine and equipments to form |
| investment or of a project which is funded by Official | | | | fixed assets, means of transport in technological lines |
| Development Aid, comprising equipment and | | | | and materials not yet domestically produced |
| machinery, specialized means of transportation of a | | | | * Import duty exemption for materials used in |
| technological line and means of transportation used | | | | software production which are not yet domestically |
| for transporting employees (including accessories), as | | | | produced |
| well as components, details, separate sections, spare | | | | * Import duty exemption for goods imported for |
| parts, fittings and moulds, and raw materials and | | | | direct use in scientific research and technological |
| materials used to manufacture the above stated | | | | development |
| goods; also construction materials which are not yet | | | | * Import duty and export duty exemption for |
| domestically produced | | | | machinery, equipment and means of transport |
| * First-time tax exemption is granted to equipment | | | | temporarily imported into Vietnam for re-export by |
| imported for the formation of fixed assets of | | | | foreign contractors for construction works or official |
| projects eligible for investment incentives and official | | | | development assistance-funded projects |
| development assistance -funded investment projects | | | | * Other goods and materials required for projects |
| in hotels, office buildings, apartments for lease, | | | | encouraged by the Prime Minister |
| houses, trade centers, technical service centers, golf | | | | As part of its World Trade Organization membership |
| courses, tourist resorts, sport complexes, | | | | Vietnam has agreed to cut high import duty on |
| entertainment and amusement centers, medical | | | | traded goods. Imported goods to Vietnam consist |
| examination and treatment centers, training, and | | | | mainly of machinery and equipment, petroleum |
| cultural, financial, banking, insurance, audit and | | | | products, fertilizer, steel products, raw cotton, grain, |
| consultancy service establishment | | | | cement and motorcycles. |
| * Goods which are imported for direct use in | | | | |