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Vietnam lowers customs duties on PS, ABS imports from ASEAN

by ChemOrbis Editorial Team -
  • 13/01/2015 (09:47)
The Vietnamese government has revised its customs duties for polymers imported from Southeast Asian countries, according to an official statement dated November 14, 2014. The changes are designed to bring Vietnam’s customs duties into line with the requirements of the ASEAN Free Trade Agreement, to which Vietnam is a signatory.

According to the official statement from the Finance Ministry, Vietnam will eliminate all customs duties on ABS and PS imports from ASEAN countries including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore and Thailand. Imports of PS and ABS cargoes from ASEAN countries will enjoy 0% customs duty starting from January 1, 2015.

Within the scope of the new regulation, customs duties on PVC from ASEAN countries will remain at 5% during 2015, 2016 and 2017. Duties on PVC imports from other ASEAN states will be eliminated in 2018.
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