Resolution No. 292/NQ-UBTVQH9 accepts the Government's proposal on the import tax reduction program to implement the CEPT Agreement of ASEAN. This program aims to facilitate technology transfer, expand export markets, and attract foreign investment.
Scope of application
The Government of Vietnam
Key points
- The Government is tasked with determining the list of goods and specific schedules for reducing import taxes (Article 1).
- Reducing import taxes must ensure that it does not significantly impact state budget revenue.
- Reasonably protect domestic production when implementing preferential tariff programs.
- Create conditions to encourage technology transfer and technological innovation for domestic production.
- Take advantage of benefits and expand export markets as well as attract foreign direct investment.
🌐 Social impact of this document
- Encourage enterprises to import modern machinery and equipment to enhance production capacity.
- Create favorable conditions for technology transfer from ASEAN countries.
- Expand export markets for Vietnamese goods.
- Attract foreign direct investment into Vietnam.
❓ Frequently asked questions
What responsibilities does the Government have in the import tax reduction program?
The Government is tasked with determining the list of goods and specific schedules for reducing import taxes (Article 1).
What principles need to be followed when implementing this program?
Reducing import taxes must ensure that it does not significantly impact state budget revenue; reasonably protect domestic production; create conditions to encourage technology transfer and technological innovation for domestic production; take advantage of benefits, expand export markets, and attract foreign investment.
Full text
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Number: 292/1995/NQ-UBTVQH9 |
Hanoi, November 8, 1995 |
RESOLUTION
Regarding the program to reduce import tariffs of Vietnam to implement the Agreement on the Common Effective Preferential Tariff (CEPT) of ASEAN countries
Pursuant to Article 8 of the Law on Export Tax and Import Tax;
__________________________
THE STANDING COMMITTEE OF THE NATIONAL ASSEMBLY
WHEREAS Article 91 of the Constitution of the Socialist Republic of Vietnam in 1992;
Pursuant to Article 6 of the Law on the Organization of the National Assembly;
1. Approves the Government's proposal on the program to reduce import tariffs to implement the Agreement on the Common Effective Preferential Tariff (CEPT) of ASEAN countries.
Pursuant to the proposal of the Government;
RESOLUTION:
2. Instructs the Government to determine the list of goods and specific schedules for reducing import tariffs based on ensuring the principles: not significantly affecting budget revenue; reasonable protection of domestic production; creating conditions to encourage technology transfer and technological innovation for domestic production; taking advantage of preferential treatment, expanding export markets, and attracting foreign investment./.
Standing Committee of the National Assembly
Chairman of the National Assembly
Nguyen Van An
(Signed)
Nguyen Van An
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