Vietnam’s Ministry of Finance has announced that certain goods sectors have been awarded preferential tax tariffs under the ASEAN China Free Trade Agreement (ACFTA).

Providing products are imported from ACFTA countries directly to Vietnam, a 0% tax rate will apply. This includes dyes and leather tanning products.

High tax rates will remain on other sectors such as textiles and garments, where the rate will be 30-35% and processed or slaughtered meat products, at a rate of 35%.