Decision No. 181/1998/QĐ-TTg reduces the import tax by 50% for goods produced in the Lao People's Democratic Republic when imported into Vietnam, but only applies to essential goods not encouraged for import by the State.
Scope of application
Vietnamese trading enterprises and customs, Lao production enterprises.
Key points
- Vietnamese trading enterprises → are entitled to a 50% reduction in the import tariff rate for goods produced in Laos when imported into Vietnam → applicable only to essential goods not encouraged for import by the State.
- The Ministry of Trade → unifies the list of goods produced in Laos eligible for preferential import tariffs.
- The Ministry of Finance → takes the lead in guiding the implementation of this regulation together with the Ministry of Trade and the General Customs Department.
🌐 Social impact of this document
- Positive impact: Reduces import costs, strengthens economic cooperation between Vietnam and Laos.
- Negative impact: May affect domestic enterprises producing similar goods.
❓ Frequently asked questions
Which enterprises can take advantage of this benefit?
Vietnamese trading enterprises can take advantage of the 50% reduction in import tax for goods produced in Laos, but only applicable to essential goods not encouraged for import by the State.
What is the effective period of this decision?
This decision comes into effect from the date of issuance, without specifying a specific duration.
How is the list of goods benefiting from the preference determined?
The Ministry of Trade will unify the list of goods produced in Laos eligible for the preferential tax rate stipulated in Article 1 of this decision.
Are there any specific tax rates mentioned in this decision?
The decision only reduces the general import tax rate by 50%, without mentioning specific tax rates.
Who is responsible for implementing this decision?
The Minister of Finance, the Minister of Trade, and the Heads of relevant agencies, along with the Chairpersons of provincial and centrally-administered city People's Committees, are responsible for implementing this Decision.
Full text
Pursuant to …;
DECISION NO. 181/1998/QĐ-TTg OF THE PRIME MINISTER
SEPTEMBER 21, 1998 ON REDUCING IMPORT TAXES FOR GOODS PRODUCED IN THE LAO PEOPLE'S DEMOCRATIC REPUBLIC
PRIME MINISTER
Pursuant to the Government Organization Law dated September 30, 1992;
CONSIDERING THE PROPOSALS OF THE MINISTER OF TRADE IN LETTER 4451/TM-XNK DATED AUGUST 14, 1998 AND OF THE MINISTER OF FINANCE IN LETTER 3280/TC/TCT DATED AUGUST 27, 1998,
DECISION:
Article 1. REDUCE THE RATE OF THE REGULAR IMPORT TAX BY 50 PERCENT FOR GOODS PRODUCED IN LAOS IMPORTED INTO VIETNAM, PROVIDED THAT SUCH GOODS ARE ESSENTIAL ITEMS AND ARE NOT DISCOURAGED FROM IMPORTATION BY THE STATE.
Article 2. THE MINISTRY OF TRADE SHALL CONSULT WITH THE MINISTRY OF FINANCE TO UNIFY THE LIST OF GOODS PRODUCED IN LAOS IMPORTED INTO VIETNAM ELIGIBLE FOR THE BENEFIT OF THE REDUCED TAX RATE AS PROVIDED IN ARTICLE 1.
Article 3. THE MINISTRY OF FINANCE SHALL TAKE THE LEAD IN ISSUING GUIDELINES FOR IMPLEMENTATION IN CONJUNCTION WITH THE MINISTRY OF TRADE AND THE GENERAL DEPARTMENT OF CUSTOMS.
Article 4. This Decision takes effect from the date of signature.
THE MINISTER OF FINANCE, THE MINISTER OF TRADE, HEADS OF RELATED GOVERNMENT AGENCIES, AND THE CHAIRS OF THE PEOPLE'S COMMITTEES OF THE PROVINCES AND MUNICIPALITIES DIRECTLY UNDER THE CENTRAL GOVERNMENT SHALL BE RESPONSIBLE FOR ENFORCING THIS DECISION.
VICE-PRESIDENT OF THE GOVERNMENT
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