Preferences for Goods Imported under the Vietnam-Laos Trade Agreement

05:29, 11/07/2024

Circular 56/2018/TT-BCT has been issued by the Ministry of Industry and Trade guiding the implementation of a number of provisions of the Border Trade Agreement between the Government of the Socialist Republic of Vietnam and the Government of the Lao People's Democratic Republic.

To be specific, imported goods of traders registered for border trade activities will enjoy the following incentives:

For traders specified in Clause 1, Article 2 of Circular 56:

- Enjoy import tax incentives according to Clause 1, Article 6 of the Vietnam - Laos Border Trade Agreement when there is a Certificate of Origin (C/O) form S issued by an agency or organization of Laos.

For traders specified in Clause 2, Article 2 of Circular 56:

- Enjoy incentives according to Article 7 and Clause 2, Article 13 of the Vietnam - Laos Border Trade Agreement when possessing the following documents:- A document issued by the Department of Industry and Trade of the border province or the District-level Industry and Trade Department of Laos, certifying that the goods are produced at and by the investment project of the Vietnamese investor.- A document issued by the competent authority of Laos confirming that the goods have been inspected and meet the requirements for quality, quarantine, and food safety.

Note: Traders who have been announced to be eligible for Vietnam - Laos border trade activities are allowed to engage in border trade along the entire Vietnam - Laos border and enjoy preferential policies according to the Agreement and Circular 56.

More details can be found in Circular 56/2018/TT-BCT, effective from February 18, 2019.

- Thanh Lam -

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