INVESTMENT NEWSLETTER June - 2019 DA NANG INVESTMENT PROMOTION AGENCY VIETNAM TO BE “PROMISED LAND” FOR JAPANESE INVESTORS INVESTORS BENEFIT FROM VIETNAM’S NEW PLANNING LAW DA NANG: LARGE-SCALE PROJECTS IN ON-SCHEDULE PROGRESS 08 10 13 An investment promotion conference was held in Tokyo on July 1 ... The new policies will simplify procedures, explaining that ... Among 8 projects granted investment decisions and investment registration certificates in March...
Transcript
INVESTMENT NEWSLETTERJune - 2019
DA N
AN
G IN
VESTMEN
T PRO
MO
TION
AG
ENC
Y
VIETNAM TO BE “PROMISED LAND” FOR JAPANESE INVESTORS
INVESTORS BENEFIT FROM VIETNAM’S NEW PLANNING LAW
DA NANG: LARGE-SCALE PROJECTS IN ON-SCHEDULE PROGRESS
08
10
13
An investment promotion conference was held in Tokyo on July 1 ...
The new policies will simplify procedures, explaining that ...
Among 8 projects granted investment decisions and investment registration certificates in March...
> Vietnam Venture Summit connects government with international venture funds
> Import-export turnover reaches highest figure in six months
> Hong Kong remains the biggest foreign investor in Vietnam in first half of 2019
> Strong FDI inflows put pressure on recruitment
> Da Nang's GRDP grows 6.21% in first half of 2019
> Expanding markets for high-end handicraft products in Da Nang
> Da Nang’s efforts to boost community-based tourism
> Da Nang: Large-scale projects in on-schedule progress> Jetstar Pacific to open second Da Nang-Taiwan air route> 6 more subsidized intra-city bus routes launched in the city
> Credit growth reaches 6.22% in first half of 2019
> Vietnamese firms plan penetration into potential Russian market
> Geographic position makes Vietnam a renewable power hub
> Airline industry posts strong growth
> Da Nang strengthens cooperative relations with Yaroslavl, Russia
> Thai airlines increase flights for passengers travelling to Vietnam
EVENT TIME VENUE
ECONOMIC - INVESTMENT
Seminar on EVFTA - IPA and impacts on Vietnam – EU trade and investment 01/7/2019
Melia Hotel, 44 Ly Thuong Kiet Street,
Hanoi
Workshop on Protection of industrial designs and trademarks for Vietnamese enterprises
05/7/2019 VCCI in Hanoi
Vietnam ICT Summit 2019 17/7/2019Melia Hotel,
44 Ly Thuong Kiet Street, Hanoi
International Exhibition on food and agricultural production, packaging and storage industry
24-27/7/2019 Ho Chi Minh Fair and Exhibition Center
CULTURE - SOCIETY
Cor people’s folk gong and dance battle 05/7/2019 Da Nang Museum
Da Nang International Fireworks Festival Finale
18:00-22:00 06/7/2019 Tran Hung Dao Street
Helio Summer Festival 17:00 every day till 15/7/2019
Helio Da Nang, September 2nd Street
Street Music Festival 19:30-21:30 every Saturday
The park at the northern end of Dragon Bridge
UPCOMING EVENTS
www. i n v e s t d a n a n g . g o v. v n www. i n v e s t d a n a n g . g o v. v n4
DA NANG INVESTMENT NEWSLETTER DA NANG INVESTMENT NEWSLETTER
5
FDI OVERVIEW
FDI VIET NAM
“ “According to the Foreign Investment Agency (FIA), Viet Nam has attracted US $18.47 billion worth of FDI capital in the first 6 months of 2019, or 90.8% of last year’s figure.
As of 20th June 2019, a total of 1,723 new foreign-invested projects, worth US $7.41 billion, were granted licenses, while 628 projects registered to increase their capital by a total of US $2.94 billion. Viet Nam also posted nearly US $8.12 billion worth of capital contribution and share purchases, up 98.1% compared to the corresponding period last year.
Manufacturing remains the most attractive sector for foreign investors, having at-tracted US $13.15 billion, accounting for 71.2% of the total registered FDI capital, fol-lowed by real estate with a total registered capital of US $1.32 billion, while wholesale and retail came in third with a total registered capital of US $1.05 billion. Of the 95 countries and territories supplying FDI to Viet Nam, Hong Kong has become the largest source of foreign investment, registering to invest US $5.3 billion, making up 28.7% of the total FDI. The Republic of South Korea came second, pumping in US $2.73 billion or 14.8% of the total FDI, followed by China with US $2.29 billion (12.4%).
As of October 20th, the country had a cumulative number of 28,954 foreign-invested projects with total registered capital of $351.66 billion, and over half of the FDI capital had been disbursed.
FDI INTO VIETNAM IN THE FIRST 6 MONTHS OF 2019
INDICATOR UNITFIRST
6 MONTHS, 2018
FIRST 6 MONTHS,
2019GROWTH RATIO
(%)
Realized capital US$ mil 8,420 9,100 108.1
Committed capital US$ mil 20,333.30 18,468.54 90.8
Newly-licensed capital US$ mil 11,799.77 7,411.76 62.8
Increased capital US$ mil 4,434.25 2,935.42 66.2
Capital contribution,
share purchasingUS$ mil 4,099.27 8,121.35 198.1
NUMBER OF PROJECTS
Newly-licensed Project 1,366 1,723 126.1
Capital- increased Project 507 628 123.9
Capital contribution,
share purchasingProject 2,749 4,020 146.2
EXPORT & IMPORT
Export (Including crude oil) US$ mil 81,100 85,900 105.9
Export (Excluding crude oil) US$ mil 80,050 84,868 106.0
Import US$ mil 65,149 70,218 107.8
www. i n v e s t d a n a n g . g o v. v n www. i n v e s t d a n a n g . g o v. v n6
DA NANG INVESTMENT NEWSLETTER DA NANG INVESTMENT NEWSLETTER
7
TOP 5 FDI INVESTORS IN VIET NAM
COUNTRY NO. OF PROJECTS TOTAL REGISTERED CAPITAL(MIL. USD)
S. Korea 7,905 64,551.20
Japan 4,190 57,899.88
Singapore 2,266 49,161.52
Taiwan 2,645 31,927.30
Hong Kong 1,554 21,306.04
Source:Foreign Investment Agency (FIA) - Vietnam’s Ministry of Planning and Investment
Real estate
Processing & Manufacturing
Electricity, water, gas production & distributionAccommodation & Food
Others
Construction
FDI INTO VIET NAM BY SECTORS
59%
11%
17%
7%
3%
3%
NEWS & EVENTS
The EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Promotion Agreement (EVIPA) were officially signed today in Hanoi, with expectations of giving a big push for trade and investment.
Vietnam’s credit growth in the first half of 2019 was estimated at 6.22%, higher than the 6.1% growth rate recorded during the same the period of last year.
The investors selected to develop the North-South Expressway will have to have successfully developed at least one similar project in an overseas market.
EVFTA AND EVIPA SIGNED FOR NEW ERA TRADE AND INVESTMENT
CREDIT GROWTH REACHES 6.22% IN FIRST HALF OF 2019
CRITERIA FOR INVESTORS OF NORTH-SOUTH EXPRESSWAY DISCLOSED
VIEW MORE
VIEW MORE
VIEW MORE
Source:Foreign Investment Agency (FIA) - Vietnam’s Ministry of Planning and Investment
The total import-export turnover in the first six months of 2019 was estimated at US$245.48 billion, the highest ever level among the six-month figures, announced the General Statistics Office of Vietnam (GSO) on June 28th.
IMPORT-EXPORT TURNOVER REACHES HIGHEST FIGURE IN SIX MONTHS VIEW MORE
www. i n v e s t d a n a n g . g o v. v n www. i n v e s t d a n a n g . g o v. v n8
DA NANG INVESTMENT NEWSLETTER DA NANG INVESTMENT NEWSLETTER
9
An investment promotion conference was held in Tokyo on July 1 where Prime Minister Nguyen Xuan Phuc said Vietnam will be the “promised land” for Japanese investors.
VIETNAM TO BE “PROMISED LAND” FOR JAPANESE INVESTORS
VIEW MORE
Compared to other countries in the Southeast Asia, Vietnam is receiving a special attention from German businesses with high prospect of positive economy and investment development in the medium term.
VIETNAM RECEIVES SPECIAL ATTENTION FROM GERMAN BUSINESSES
VIEW MORE
With the population of 143 million people, GDP per capita approximating US$ 17,000 a year and the increasingly developing middle class which accounts for 10-25 percent, lots of Vietnamese firms estimated that Russia is a highly potential market for Vietnamese agricultural, forestry and fishery products so they have been planning penetration into this market.
VIETNAMESE FIRMS PLAN PENETRATION INTO POTENTIAL RUSSIAN MARKET
VIEW MORE
Vietnam is an ideal destination for foreign investors, including Chinese, despite China’s efforts to prevent capital flowing out of the country.
Hong Kong topped the list of 95 countries and territories investing in Vietnam in the January-June period, with a total investment of $5.3 billion, making up 28.7 percent of the new FDI inflow into the country.
While awaiting creation of a comprehensive legal framework, build-operate-transfer transport initiatives across the country continue to seek new funding from cautious lenders.
High solar irradiance and wind flow velocity are factors making Vietnam`s renewable energy advantages.
PRODUCTION SHIFT FROM CHINA TO VIETNAM SPEEDS UP IN TRADE WAR
HONG KONG REMAINS THE BIGGEST FOREIGN INVESTOR IN VIETNAM IN FIRST HALF OF 2019
BUILD-OPERATE-TRANSFER VENTURES LOOK FOR BOOST
GEOGRAPHIC POSITION MAKES VIETNAM A RENEWABLE POWER HUBVIEW MORE
VIEW MORE
VIEW MORE
VIEW MORE
The list of Vietnam’s 50 best-performing companies (Top 50) was announced by the Nhip Cau Dau Tu (Investment Bridge) magazine and Thien Viet Secutities Joint Stock Company in Ho Chi Minh City on June 27.
www. i n v e s t d a n a n g . g o v. v n www. i n v e s t d a n a n g . g o v. v n10
DA NANG INVESTMENT NEWSLETTER DA NANG INVESTMENT NEWSLETTER
11
Most localities in Central Vietnam have borders with Laos or Cambodia, which is a great opportunity for the region to approach trade with the vast ASEAN community.
According to the Civil Aviation Administration of Vietnam (CAAV), the country’s airline industry has posted a two-digit growth in the past ten years.
Vietnamese firms poured nearly US$ 200 million into 90 projects abroad in the first half of this year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
CENTRAL VIETNAM EMERGES AS WORLD’S GATEWAY TO ASEAN
AIRLINE INDUSTRY POSTS STRONG GROWTH
VIETNAM’S INVESTMENT HITS NEARLY $US 200 MIL. OVERSEAS
VIEW MORE VIEW MORE
VIEW MORE
The new policies will simplify procedures, explaining that instead of 95 laws and ordinances, investors only have to relate to two legal documents regulating planning. This is a way to reduce administrative procedures and increase transparency and stability of the law.
INVESTORS BENEFIT FROM VIETNAM’S NEW PLANNING LAW
VIEW MORE
By the end of May this year, Ho Chi Minh City has attracted US$ 2.77 billion of foreign direct investment (FDI) capital, an increase of 49 percent in comparison with the same period last year.
The State Bank of Vietnam has issued a new circular relaxing regulations on bank deposit services for foreigners and non-residential organizations in Vietnam, a move designed to attract idle funds from the expat community.
REAL ESTATE STILL ATTRACTS MOST FDI CAPITAL
VIETNAM LOOSENS BANK SAVINGS RULES FOR FOREIGNERS
VIEW MORE
VIEW MORE
Demand for labor in Vietnam’s manufacturing sector is rising sharply due to strong FDI inflows as a result of the transfer of orders and China-based facilities into Vietnam during the ongoing U.S.-China trade war.
As part of his ongoing working trip to Russia, Austria and the Czech from 22 June - 3 July, a delegation of Da Nang’s leaders led by municipal People’s Committee Vice Chairman Le Trung Chinh had a working session with representatives of Yaroslavl Province in Moscow, Russia’s capital city.
STRONG FDI INFLOWS PUT PRESSURE ON RECRUITMENT
DA NANG STRENGTHENS COOPERATIVE RELATIONS WITH YAROSLAVL, RUSSIA
VIEW MORE
VIEW MORE
The central city of Da Nang drew more than 542 million USD worth of foreign investment between January and June 2019.
FOREIGN INVESTMENT IN DA NANG EXCEEDS 542 MILLION USD IN FIRST HALF VIEW MORE
The People’s Committee of the central city of Da Nang is pushing ahead with efforts to implement key tasks and solutions in building an e-government.
DA NANG PUSHES AHEAD WITH E-GOVERNMENT BUILDING VIEW MORE
Over the first half of this year, Da Nang’s gross regional domestic product (GRDP) rose by 6.21% compared with the same period last year.
DA NANG'S GRDP GROWS 6.21% IN FIRST HALF OF 2019 VIEW MORE
www. i n v e s t d a n a n g . g o v. v n www. i n v e s t d a n a n g . g o v. v n12
DA NANG INVESTMENT NEWSLETTER DA NANG INVESTMENT NEWSLETTER
13
The People’s Committee of the central city of Da Nang is pushing ahead with efforts to implement key tasks and solutions in building an e-government.
DA NANG PUSHES AHEAD WITH E-GOVERNMENT BUILDING VIEW MORE
Booming tourism in Vietnam has seen a record number of Thai visitors in the first four months of this year, resulting in higher frequency of flights by Thai airlines, especially to top destinations like Da Nang and Da Lat cities.
Among 8 projects granted investment decisions and investment registration certificates in March, work has started on 4 projects including the 170 million US$ Sunshine aerospace components manufacturing, the Xuan Thieu Tourist Area expansion, the Key Tronic Viet Nam signal lamp manufacturing, and the Nissan Automobile factory expansion.
THAI AIRLINES INCREASE FLIGHTS FOR PASSENGERS TRAVELLING TO VIETNAM
DA NANG: LARGE-SCALE PROJECTS IN ON-SCHEDULE PROGRESS
VIEW MORE
VIEW MORE
The Da Nang authorities have invited bids for building a bridge spanning the Co Co River in Ngu Hanh Son District’s Hoa Hai Ward.
The Da Nang authorities are planning to develop a project on promoting community-based tourism at the Tho Quang - Man Thai beach in Son Tra District.
Since its operation in 2007, the Khanh Son landfill site in Hoa Khanh Nam Ward, Lien Chieu District, Da Nang, has been an urban solid waste treatment facility with sanitary landfill technology.
Budget carrier Jetstar Pacific announced on May 30 its new international air route linking Da Nang and Taiwan’s Kaohsiung city.
DA NANG: NEW BRIDGE SPANNING CO CO RIVER TO BE BUILT
DA NANG’S EFFORTS TO BOOST COMMUNITY-BASED TOURISM
UPGRADING KHANH SON LANDFILL INTO AN ECOLOGICAL SOLID WASTE TREATMENT COMPLEX IN DA NANG
JETSTAR PACIFIC TO OPEN SECOND DA NANG-TAIWAN AIR ROUTE
VIEW MORE
VIEW MORE
VIEW MORE
VIEW MORE
On July 1st, a ribbon cutting ceremony was held to mark the opening of 6 more intra-city bus routes offering subsidised ticket fares in Da Nang, thereby bringing the city’s total number to 12.
6 MORE SUBSIDIZED INTRA-CITY BUS ROUTES LAUNCHED IN THE CITY VIEW MORE
www. i n v e s t d a n a n g . g o v. v n www. i n v e s t d a n a n g . g o v. v n14
DA NANG INVESTMENT NEWSLETTER DA NANG INVESTMENT NEWSLETTER
15
LEGAL UPDATES
01DECREE NO. 48/2019/ND-CP OF THE GOVERNMENT DATED JUNE 5TH 2010 PROMULGATING THE MANAGEMENT OF OPERATION OF VEHICLES USED FOR WATER RECREATION.On 05/6/2019, the Government issued Decision No. 48/2019/ND-CP promulgating the management of operation of vehicles used for water recreation.
The Decree consists of 05 chapters and 31 articles, which stipulate specific provisions on managing recreational water activities, active zones, vehicles registration and responsibilities of related units and organizations.The appendix of this Decree includes 12 forms for proposal and certification of operation eligibility used for managing recreational water vehicles.Pursuant to Clause 1, Article 5, active zones for recreational water activities consists of 2 zones:a) Zone 1: bodies of water on the inland waterways, seaport waters or maritime zones;b) Zone 2: bodies of water other than zone 1, marked and located by buoys or pennants with noticeable colors.Accordingly, time of day suitable for recreational water activities differs from zone 1 to zone 2 depending on actual decision made by the prescribed competent authorities regarding permission to organize recreational water activities in zone 1 and agreement and announcement of active zones in zone 2.
The Decree shall take effect from August 15th, 2019.
02CIRCULAR NO. 34/2019/TT-BTC DATED JUNE 11TH 2019 OF THE MINISTRY OF FINANCE AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF CIRCULAR NO. 40/2018/TT-BTC DATED MAY 4TH, 2018 OF THE MINISTRY FINANCE PROVIDING GUIDELINES FOR INITIAL OFFERING OF SHARES AND MANAGEMENT AND USE OF PROCEEDS FROM EQUITIZATION OF STATE-OWNED ENTERPRISES AND SINGLE-MEMBER LIMITED LIABILITY COMPANIES WITH 100% CHARTER CAPITAL INVESTED BY STATE-OWNED ENTERPRISES
03DECISION NO. 20/2019/QĐ-TTG DATED JUNE 12TH, 2019 OF THE PRIME MINISTER DEFINING FUNCTIONS, TASKS, POWERS AND ORGANIZATIONAL STRUCTURE OF THE BANKING SUPERVISION AGENCY UNDER THE STATE BANK OF VIETNAM.The decision includes 06 articles, specifying the position and functions, tasks and powers, organizational structure, leadership of the Inspection Agency, banking supervision, transitional terms, validity and responsibility. implementation of the Banking Supervision Agency under the State Bank of Vietnam.Accordingly, its organizational structure is as follows:- Department of Administrative Inspection (Department I);- Department of Policy for Safe Banking Operations (Department II);- Administrative Office;- Department of Banking Supervision I (Agency I);- Department of Banking Supervision II (Agency II);- Department of Banking Supervision III (Agency III);- Department of Supervision of Credit Institution System Safety (Agency IV);- Department of Anti-Money Laundering (Agency V).The Governor of the State Bank stipulates functions, tasks, powers and organizational structure of subordinate units under the Banking Supervision Agency.This Decision takes effect from August 1st, 2019.
On June 11th, 2019, the Ministry of Finance issued Circular No. 34/2019/TT-BTC on amending and supplementing a number of articles of Circular No. 40/2018/TT-BTC providing guidelines on initial offering of shares and management and use of proceeds from equitization of state-owned enterprises and single-member limited liability companies with 100% charter capital invested by state-owned enterprises, including:- Supplementing Article 9a stipulating principles for revising the charter capital structure;- Supplementing Clause 3 in Article 16 on handling Business Arrangement Support Fund as of December 31st, 2017;- Supplementing Article 20a stipulating the Responsibilities of the Members’ Council and Chairmen of state-owned enterprises.
This Circular takes effect from July 29th, 2019.
www. i n v e s t d a n a n g . g o v. v n www. i n v e s t d a n a n g . g o v. v n16
DA NANG INVESTMENT NEWSLETTER DA NANG INVESTMENT NEWSLETTER
17
04CIRCULAR NO. 35/2019/TT-BTC DATED JUNE 12TH, 2019 OF THE MINISTRY OF FINANCE AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF CIRCULAR NO. 115/2017/TT-BTC DATED OCTOBER 25TH, 2017 PROVIDING GUIDELINES FOR SUPERVISION OF SECURITIES TRANSACTIONS IN SECURITIES MARKET AND CIRCULAR NO. 116/2017/TT-BTC DATED OCTOBER 25TH, 2017 PROVIDING GUIDELINES FOR COMPLIANCE SUPERVISION OF STATE SECURITIES COMMISSION WITH REGARD TO SECURITIES OPERATIONS OF STOCK EXCHANGES AND VIETNAM SECURITIES DEPOSITORY.
On June 12th, 2019, the Ministry of Finance issued Circular No. 35/2019/TT-BTC amending and supplementing a number of articles of Circular No. 115/2017/TT-BTC providing guidelines on the supervision of securities transactions in securities market, details as follows:- Amending Clause 11 of Article 4;- Amending and supplementing Clause 1 of Article 13;- Issuing Appendix I - Form No. 02 of Weekly Report to replace Form No. 02 - Appendix I of guidelines for supervision of securities transactions in the securities market;- Amending and supplementing Article 21 on Periodic monitoring reports.Circular No. 35/2019/TT-BTC also amended and supplemented the Circular No. 116/2016/TT-BTC dated October 25th, 2017 providing guidelines for the compliance supervision of the State Securities Commission on securities activities of the Stock Exchange and the Vietnam Securities Depository, as specified in Article 10 on Reporting of the State Securities Commission.
This Circular takes effect from August 1st, 2019.
On June 19th, 2019, the Government issued Decree No. 54/2019/ND-CP regulating the operation of karaoke services and nightclubs.The Decree consists of 04 chapters, 21 articles and an appendix containing 05 forms, stipulating business conditions and responsibilities of enterprises and business households; authority to issue, revise and revoke licenses for business eligibility; implementation responsibilities of agencies and units related to karaoke and nightclub services.Accordingly, Article 9 clearly specifies the authority to issue, revise and revoke licenses for operation of karaoke and nightclub services:- Culture authorities of provincial People’s Committees (licensing authorities) have the authority to issue, adjust and revoke the Operating License.
On June 24th, 2019, the Government issued Decree No. 55/2019/ND-CP on legal support for small and medium enterprises.
Accordingly, Chapter II of this Decree is divided into 2 sections, clearly defining legal support activities for small and medium enterprises.Section 1. Database development, management, maintenance, update, exploitation and use:+ Regarding legal documents (Article 5);+ Regarding legal problems, cases (Article 6);+ Regarding court verdicts and decisions; commercial arbitration awards; decision on competition cases; decisions on enterprises’ administrative violations (Article 7);+ Regarding the state agency’s written replies on legal problems of small and medium enterprises (Article 8);+ Regarding written legal advice provided by the network of legal counsellors and procedures for applying legal consultancy costs support (Article 9).Section 2. Developing and implementing legal support programs for small and medium enterprises:+ Development grounds and activities (Article 10);+ Timeline (Article 11);+ Planning and approval (Article 12);+ Implementation (Article 13);
This Decree takes effect from August 16th, 2019.
- The licensing authority may authorize the district-level culture authorities to issue, revise and revoke the Operating License in compliance with regulations and law on local governmental organization.
This Decree takes effect from September 1st, 2019.
05
06
DECREE NO. 54/2019/ND-CP DATED JUNE 19TH, 2019 OF THE MINISTRY OF LABOR, WAR INVALIDS AND SOCIAL AFFAIRS PROVIDING GUIDELINES FOR KARAOKE AND NIGHTCLUB BUSINESSES.
DECREE NO. 55/2019/ND-CP DATED JUNE 24TH 2019 OF THE GOVERNMENT STIPULATING LEGAL SUPPORT FOR SMALL AND MEDIUM SIZED ENTERPRISES.
www. i n v e s t d a n a n g . g o v. v n www. i n v e s t d a n a n g . g o v. v n18
DA NANG INVESTMENT NEWSLETTER DA NANG INVESTMENT NEWSLETTER
19
07DECREE NO. 57/2019/ND-CP DATED JUNE 26TH, 2019 OF THE GOVERNMENT STIPULATING PREFERENTIAL EXPORT AND IMPORT TARIFF SCHEDULES FOR THE IMPLEMENTATION OF THE COMPREHENSIVE AND PROGRESSIVE TRANS-PACIFIC PARTNERSHIP AGREEMENT IN THE 2019 - 2022 PERIOD.On June 26th, 2019, the Government issued Decree No. 57/2019/ND-CP promulgating the preferential export tariff schedule and special preferential import tariff schedule implemented under the Comprehensive and Progressive Trans-Pacific Partnership Agreement for 2019 - 2022.
Accordingly, there are 2 appendices issued along with the Decree:- Appendix I - Preferential export tariff schedule under the CPTPP Agreement in the 2019 – 2022 period;- Appendix II - Special preferential import tariff schedule under the CPTPP Agreement in the 2019 – 2022 period. List of goods and special preferential import duty rates for used cars applying tariff-rate quotas under the CPTPP Agreement.
This Decree takes effect from June 26th, 2019.
- Playing cards;- Votive paper;- Raw industrial explosive substances and materials according to the list prescribed by the Ministry of Industry and Trade;...This Decree takes effect from September 1st, 2019.
On June 27th, 2019, the Prime Minister issued Decision No. 23/2019/QD-TTg promulgating the List of imported goods for which customs procedures at import border gates is compulsory.For imported goods included in this List, the person who does customs declaration may opt to perform this procedure at the Customs Sub-Departments at the border gate or at customs clearance points outside the border gate if it falls into the cases prescribed in Article 5.The List of imported goods subject to compulsory customs procedures at the border gate is developed based on the List of Import and Export Goods of Vietnam, which consists of 14 key commodities as follows:- Cigarettes, cigars and tobacco products used for smoking, inhaling, chewing, smelling, sucking;- Alcohol;- Beer made from malt;- Passenger cars of under 16 seats;- Aircrafts, yachts;- All types of petrol;
08DECISION NO. 23/2019/QD-TTG DATED JUNE 27TH, 2019 OF THE PRIME MINISTER PROMULGATING THE LIST OF IMPORTED GOODS ELIGIBLE FOR COMPULSORY CUSTOMS PROCEDURES AT BORDER GATES.
DANANG INVESTMENT PROMOTION AGENCY
18th Floor, Da Nang Administration Center,24 Tran Phu St., Da Nang City, Viet Nam
