Tariff preference granted on more than 1,000 imported commodities

The Ministry of Finance (MoF) has issued Vietnam’s special preferential tariffs under the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) in the 2010-2012 period.
Under the special preferential tariffs (issued together with Decree No 217), commodities from Australia, New Zealand, Brunei, Myanmar, and Singapore are allowed to ship directly to Vietnam from January 1st, 2010 provided that they satisfy origin regulations by the MoF. Specifically, AANZFTA tariffs on poultry are 5%, fresh and frozen buffalo and beef: 10-15%, fresh and frozen pork: 20-25%, poultry products: 10-20%, fish: 20-30%, milk: 7-25%, flowers: 25-35%, and cigarette: 100%.

Almost all imported commodities will have tariffs reduced gradually between 2010 and 2012. Tariffs of powder milk without sugar and other sweeteners will be lowered from 10% in 2010 and 2011 to 7% in 2012. Tariffs of cigarette will remain stable during the implementation of the special preferential tariffs

Under the decree, the special preferential tariffs will be applied for custom declarations starting January 1st, 2010.

Source: CPV online