On 11 February 2014, Circular No. 06/2014/TT-BCT was officially issued by the Ministry of Trade and Industry which regulates on imports based on tariff quotas in 2014 at the rate of 0% import duty for goods originating from Laos.
Enterprises enjoy import tax of 0% for goods importing from Lao
Accordingly, applying import tariff quotas 2014 for two categories of goods with the origin of Laos which include: paddy, rice of all kinds, tobacco leaves and leaves originating from Laos will be eligible for 0 % tax rate in quota conditions.
To be eligible to 0% tax rate, (1) Imported goods must have the certificate of origin form S (C/O Form S) issued by Lao People’s Democratic Republic, and are cleared through custom gates regulated in Annex attached in this Circular; enterprise must be Vietnamese who is allowed to import paddy and rice of all kinds as quota and (2). For leaves and tobacco leaves, only Vietnamese traders who have the certificate of importing leaves as materials following the importing quotas issued by the Ministry of Industry and Trade are allowed to import.
This circular takes effect on February 11, 2014.