HOMEPAGE
Hot Properties
ADB: Vietnam’s 2009 GDP growth to be highest in South East Asia
MGM Grand Ho Tram: Vietnam’s First ‘Las Vegas Style’ Integrated Resort
Nha Trang’s Twin Towers project licenced
Foreign investors still have good opportunities in Vietnam
Sierra Wireless gets a foot in Vietnam’s ICT market
INDOCHINA INTERNATIONAL CONSULTING CO., LTD
HO Add: 62L/36 Nguyên Hồng, Ward 11, Bình Thạnh District, HCMC - Vietnam
Biz Office Add: #48 Road No 11, Quarter 6, Hiệp Binh Chánh Ward, Thủ Đức, HCMC - Vietnam
®Source: http://viipip.com should be clearly quoted for any use of information extracted from our website.
Publication permit No: 60/GP-TTĐT , April 05, 2010.
Russian cars subject to 0% tax
Date: 9/29/2016 10:17:25 AM
A quota of Russia motor vehicles will be subject to a zero per cent tax rate when being imported into Vietnam from October 5.
According to a draft decision from the government, 800 Russian cars will be imported at zero per cent tax rates this year, 850 in 2017, and 900 in 2018, for around 2,500 in total.
The Ministry of Industry and Trade announced that the draft decision is based on the protocol for automotive cooperation between Vietnam and Russia, signed in March this year.
Exporters such as the New Atlantic International Trading Group (KAMAZ), Ulyanovsky Avtomobilny Zavod (UAZ) and others are authorized by Russia to cooperate with Vietnam in producing vehicles.
The vehicles will include SUVs, vehicles of ten seats or more, trucks and specialized vehicles, which will imported to gauge the tastes of Vietnamese customers.
The allocation of the yearly quota for each exporter will be based on their production plans and localization rates.
In order to be subject to the zero per cent tax rate, vehicles must meet origin rules and the requirements of the Vietnam - Eurasian Economic Union Free Trade Agreement.
Under the protocol for automotive cooperation, Vietnam also permits the import of 13,500 spare parts and accessories at a zero per cent tax rate for a period of five years.
Russia will also cooperate with Vietnamese enterprises to establish automotive joint ventures producing vehicles for Vietnam and for Asia.
According to the General Department of Customs, imported Russian motor cars and spare parts and components stood at $6.9 million and $338,340 in July and $61.7 million and $5.1 million in the first half of the year.
(Source:Vietnamnet news)
Other news- Vietnam will become a destination for Chinese investors in the future (11/6/2023 1:03:19 PM)
- Thua Thien - Hue: Calling for investment (11/6/2023 1:00:42 PM)
- Hai Phong Planning to establish a series of industrial parks and economic zones (11/6/2023 12:58:13 PM)
- The Fastest Growing Economies In 2024 (11/6/2023 12:56:34 PM)
- Hai Phong reached the target of attracting FDI capital (10/17/2023 5:18:21 PM)
- Long An has 1,215 FDI projects with capital of 10,519 million USD (10/17/2023 8:40:41 AM)
- What do FDI enterprises recommend to the Vietnamese Government? (10/17/2023 8:38:33 AM)
- Vietnams 3 commitments to foreign businesses and investors (10/17/2023 8:35:45 AM)
- Up to now (2023), how much money have Asian tigers invested in Vietnam? (10/17/2023 8:31:59 AM)
- Another semiconductor manufacturer expands in Vietnam (10/17/2023 8:30:44 AM)
- Billions of dollars poured into Vietnamese semiconductor projects (10/17/2023 8:26:09 AM)
- Revealing the reason why Central region continuously invested by giants Foxconn, Goertek... (10/17/2023 8:24:49 AM)
- VIFTA: Vietnam-Israel Boulevard opened (8/28/2023 9:29:44 AM)
- Wistron announced to pour another 24.5 million USD into Vietnam to build a new factory. (8/28/2023 9:28:33 AM)
- Formulate policies to develop the logistics industry (8/28/2023 8:50:54 AM)
NEWS CATALOGUE
- Vietnam will become a destination for Chinese investors in the future
- What do FDI enterprises recommend to the Vietnamese Government?
- Up to now (2023), how much money have Asian tigers invested in Vietnam?
- Another semiconductor manufacturer expands in Vietnam
- Billions of dollars poured into Vietnamese semiconductor projects
