The Ministry of Industry and Trade has just announced a draft Circular regulating import tariff quotas to implement the Agreement on promoting bilateral trade between the Government of Vietnam and the Government of the Kingdom of Cambodia, applicable for the period 2025 - 2026.
According to the draft, the annual import tariff quota for rice is 300,000 tons and for dried tobacco leaves is 3,000 tons, all originating from Cambodia. These are items that enjoy special preferential import tax rates when fully meeting the conditions of origin as prescribed.
The draft also clearly stipulates the subjects to be allocated quotas. For rice, traders who have import needs can be allocated quotas. For dried tobacco leaves, quotas are only granted to traders who have a Tobacco Product Manufacturing License or Tobacco Material Processing License issued by the Ministry of Industry and Trade , and at the same time have a need to use imported raw materials for domestic production and processing.
The Ministry of Industry and Trade drafted a Circular regulating import quotas for rice and tobacco leaves from Cambodia for the 2025-2026 period with special preferential tax rates.
The quota management method continues to be implemented through the issuance of Import Licenses or notification documents on the right to use quotas as prescribed in the Law on Foreign Trade Management and its implementing guidelines. The application of this mechanism not only ensures transparency in import management, but also facilitates traders in trading activities with Cambodia.
The draft Circular will be effective until December 31, 2026. In particular, the regulation allows imported goods from April 28, 2025, if they meet the conditions and have paid taxes at a higher rate, to be refunded by the customs authority for the excess tax paid in accordance with the law on tax administration.
In addition, when the new Circular takes effect, the Ministry of Industry and Trade will abolish Circular No. 06/2024/TT-BCT and Circular No. 17/2011/TT-BCT, thereby updating the legal framework in line with the new stage of trade cooperation between Vietnam and Cambodia. This is considered an important step to concretize the commitment of the two Governments in promoting bilateral trade, while contributing to ensuring the supply of essential raw materials for domestic production.
Source: https://moit.gov.vn/tin-tuc/thong-bao/bo-cong-thuong-du-thao-thong-tu-ve-han-ngach-nhap-khau-tu-campuchia.html
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