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Vietnam eliminates customs duties on South Korean PS imports

by ChemOrbis Editorial Team - content@chemorbis.com
  • 15/01/2015 (11:43)
The Vietnamese government has eliminated customs duties on PS imports from South Korea, according to an official statement.

Within the scope of the Free Trade Agreement between ASEAN and South Korea, PS imports from Korea to Vietnam will enjoy 0% customs duty effective as of January 1, 2015. The agreement has been signed by the two parties for a time period from 2015 to 2018. Prior to the recent regulation, South Korean PS cargoes were subject to 5% customs duty in Vietnam. ABS imports from South Korea, meanwhile, remain subject to 3% duty.

The Finance Ministry of Vietnam, meanwhile, also eliminated all customs duties on PS and ABS imports from ASEAN countries starting from January 1, 2015 in line with country’s commitments as a signatory to the ASEAN Free Trade Agreement.
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