On December 30, 2022, the Government issued Decree 125/2022/ND-CP Vietnam's special preferential import tariff schedule to implement the Vietnam - Korea Free Trade Agreement for the period 2022-2027 .
Accordingly, imported goods that are subject to special preferential import tax rates (VKFTA tax rates) under the Vietnam-Korea Free Trade Agreement must meet the following conditions: belong to the Import Tariff Schedule special incentives issued with Decree 125/2022/ND-CP; imported from Korea and Vietnam; meet the regulations on origin of goods (including regulations on direct transportation), have a Certificate of Origin (C/O) form KV or have documents certifying the origin of goods, according to regulations of the Vietnam - Korea Free Trade Agreement and according to current provisions of law.
In addition, goods produced in Khai Thanh Industrial Park in the territory of the Democratic People's Republic of Korea (GIC goods) to be eligible for Vietnam's VKFTA tax rates must meet the following conditions: Goods showing the symbol "GIC" in the "GIC" column of the Tariff; imported from Korea to Vietnam; meet the regulations on origin of goods according to Article 3.5, Chapter 3 on Rules of Origin and Origin Granting Process under the Vietnam - Korea Free Trade Agreement, regulations on direct transportation, have a Certificate of Origin Certificate of origin (C/O) form KV or have a document certifying the origin of goods, according to the provisions of the Vietnam - Korea Free Trade Agreement and according to current provisions of law.
The Decree takes effect from the date of signing.
