Customs & Global Trade Alert | 27 August 2024

This update highlights the following matters:

  • Draft Circular on the Rules of Origin under the ASEAN – Korea Free Trade Agreement (the AKFTA)
  • Draft Circular on the Rules of Origin under the ASEAN-Australia-New Zealand Free Trade Agreement (the AANZFTA)
  • Anti-dumping investigation on hot-rolled steel imported from India and China
    • Official Letters (OLs) providing guidance on the following matters:
      • Value Added Tax (VAT) applicable for on-the-spot (OTS) exported goods as directed by foreign enterprises
      • Determination of foreign enterprises without a presence in Vietnam
      • Tax policies on mergers and acquisitions
      • Implementation of export rights of a foreign investment enterprises (FIEs)
      • Amendments to the Compendium of Classification Opinions of WCO – HS Committee 73rd Session

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