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Today we are so pleased to provide you with the news about customs working schedule during Reunification Day and International Workers' Day from April 27 (Sat) to May 1 (Wed).   Bac Giang, Vinh Phuc, Hoa Binh, Bac Thang Long, and Phu Tho customs offices operate Over Time throughout the holiday, and customs offices such as Bac Ninh, Que Vo, Yen Phong, and Thai Nguyen operate overtime throughout the holiday except for Sunday (28th). However, please note that some customs offices and warehouses, such as CFS warehouses in Hai Phong port and Ninh Binh, Hung Yen customs will not be operating throughout...

Today we are so pleased to provide you with the news about THE UPCOMING HOLIDAYS OF CFS AT HAIPHONG PORT. Hung Kings Commemoration Day 1 day off: Thursday 18th April, 2024. Reunification Day and International Workers' Day 5 days off: from Saturday 27th April to Wednesday 1st May, 2024. Make-up working day: Saturday 4th May, 2024 On Thursday morning, 2nd May, they will get back to work.   We hope Customers are fully informed of the holidays of CFS at Haiphong port in order to be proactive in arranging export and import plans.

HS CODE stands for Harmonized System Code, a unique number assigned to classify all traded goods internationally. Determining the HS CODE of traded goods based on legal provisions and product characteristics is referred to as 'Classification (Nomenclature).’   The reason why accurate classification is crucial lies in the fact that various aspects such as Duty and Tax rates, import/export requirements, exemptions, refunds, and FTA rules of origin are determined by the HS CODE of the goods. Frequently disputes between companies, customs authorities, exporters and importers, and exporting and importing countries arise due to inconsistent classification.   Recently, there have been many cases where Vietnamese...

The Ministry of Industry and Trade has just issued Circular No. 04/2024/TT-BCT, amending and supplementing a number of articles of Circular No. 20/2014/TT-BCT. Circular No. 04/2024/TT-BCT takes effect from May 11, 2024.   Circular No. 04/2024/TT-BCT amends Article 4, ANNEX I (Rules of Origin) issued together with Circular No. 20/2014/TT-BCT to granting exporters/manufacturers the right to choose the formula for calculating Regional Value Content (RVC) in terms of direct or indirect calculation method for fixed use throughout a financial year and for post-audit verification.   Moreover, the Circular amends Clause 1, Article 5, APPENDIX V (Procedures for issuance and inspection of C/O) to legalizing...

Ho Chi Minh City Customs Department proposed that the Ministry of Finance advise the Government to apply a reduction in the Value Added Tax (VAT) rate by 2% for all groups of goods and services currently subject to the 10% VAT rate, to be uniform at the stages of import, production and consumption.   According to Ho Chi Minh Customs Department, during the implementation of the Decree on VAT reduction, a number of difficulties and problems arose related to identifying and distinguishing goods and services that are not eligible for VAT reduction from goods that are subject to VAT reduction. In order to...

Regarding the situation where foreign shipping lines are charging many types of fees and surcharges to Vietnamese import-export enterprises, The Vietnam Maritime Administration (VMA) has assigned maritime port authorities and branches authorities to examine freight rates and surcharges of shipping lines, avoiding situations where shipping lines violate competition laws.   Previously, the implementation of Circular No. 39 issued by the Ministry of Transport led to a 10% in the charges for loading and unloading services at seaports, causing several shipping lines to raise cargo handling surcharges at ports. In addition, foreign shipping lines are also collecting 10 other types of surcharges, including...