CAN THO – Vietnam will offer a tax rate of 0% on 300,000 tons of rice imported from Cambodia this year.
According to Circular No. 6 on the imports of rice and dry tobacco from Cambodia issued recently by the Ministry of Industry and Trade, to enjoy the special preferential import tariff of 0%, rice imported from Cambodia must have the certificate of origin Form S issued by the Cambodian Ministry of Commerce or agencies authorized by the Cambodian Government.
Besides, they must be transported to Vietnam through 24 selected border gates such as Le Thanh-Ou Ya Dav, Bu Prang-Dak Dam, Loc Thinh-Tonle Cham, Moc Bai-Bavet and Xa Mat-Trepeang Plong.
The circular will take effect from April 15 to December 31, 2022.
The Vietnamese Government earlier issued Decree No. 83 on the special preferential import tariff for Cambodian goods to implement the Agreement on Promoting Bilateral Trade between Vietnam and Cambodia in the 2021-2022 period.
Data of the Ministry of Agriculture, Forestry and Fisheries of Cambodia showed that in 2021, Cambodia exported some 1.7-1.8 million tons of rice to Vietnam, soaring over 60% year-on-year.