Vietnam passes key amendments to streamline trade and customs rules
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Vietnam National Assembly ratified the Law on Amendments, which amends and supplements several laws including Customs Law, Law on Value Added Tax and the Export and Import Duties Law.
Key changes include clarifying on-the-spot (OTS) import and export definitions to remove regulatory barriers and create eligibility for a 0% VAT rate on OTS-exported goods.
The law also simplifies the criteria for Auth…
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