Secretariat TPR |
WT/TPR/S/410/REV.1 |
S-Summary§14 |
Viet Nam |
2021 |
Measures |
Ban/Prohibition |
All products/economic activities |
Relevant information
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14. (...) Exports and imports can also be temporarily suspended in exceptional circumstances, such as war, natural disasters, epidemics, or environmental incidents; products causing serious effects on health and the environment; and balance of payment reasons.
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Keywords
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Environment
Natural disaster
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Secretariat TPR |
WT/TPR/S/410/REV.1 |
S-Summary§18 |
Viet Nam |
2021 |
Measures |
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Energy |
Relevant information
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18. Viet Nam provides investment incentives, mainly through tax reductions, for projects in geographical areas with difficult socio-economic conditions or in industrial zones. Specific supports, such as access to credit, lower taxes and land rents, and exemption of import duties, are also accorded to some selected activities and sectors, such as fishery products, small- and medium-sized enterprises, supporting industries, or renewable energy. (...)
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Keywords
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Secretariat TPR |
WT/TPR/S/410/REV.1 |
S-Summary§28 |
Viet Nam |
2021 |
Sectors |
General environmental reference |
Energy |
Relevant information
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28. The Government set targets for efficiency and conservation of energy until 2030 and promoted the development of renewable energy; however, adverse climate conditions in the country increased its reliance on coal, oil, and gas for energy production. (...).
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Keywords
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Climate
Conservation
Energy
Renewable
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Secretariat TPR |
WT/TPR/S/410/REV.1 |
S-1§11 |
Viet Nam |
2021 |
Measures |
Internal taxes |
Not specified |
Relevant information
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1.11. A strong economy and improved revenue administration had a positive effect on revenues. Total government revenue almost doubled during the review period. Tax revenue was equivalent to 18.8% of GDP, and accounted for 70.4% of total government revenue in 2019. Trade-related taxes are not a major contributor to the Government's income (Chart 1.3). The share of tax revenue sourced directly from trade, such as import tariffs and export duties [6], in total tax revenue decreased during the review period, from 11% in 2013 to 9% in 2019. (...).
[6] No data are available on internal taxes (i.e. VAT, excise, and environmental protection tax) collected at the border on imported goods.
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Keywords
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Secretariat TPR |
WT/TPR/S/410/REV.1 |
S-1§13 |
Viet Nam |
2021 |
Measures |
Other support measures |
Not specified |
Relevant information
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1.13. The countercyclical fiscal policy implemented in recent years enabled Viet Nam to lower government and public debts in relation to GDP, creating some fiscal space to deal with short- or long-term structural challenges, such as the ones that have arisen from the COVID-19 pandemic, SOEs' and banking sector contingent liabilities, and climate change. (...)
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Keywords
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Secretariat TPR |
WT/TPR/S/410/REV.1 |
S-Box-1.1 |
Viet Nam |
2021 |
Measures |
Tax concessions |
Services |
Relevant information
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Box 1.1 Fiscal measures introduced to support the economy and counter the effects of the COVID-19 pandemic
Fiscal measures
The Government introduced a fiscal support package (Decree No. 41/2020/ND-CP of 8 April 2020 on Extending the Deadlines of Tax and Land Rental Fee Payments for Companies, Individuals, and Business Households (Taxpayers) Affected by COVID-19). The main measures include:
• deducting 30% of the environmental protection tax on jet fuel from August to December 2020
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Keywords
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Secretariat TPR |
WT/TPR/S/410/REV.1 |
S-Table-1.5 |
Viet Nam |
2021 |
Trade Policy Framework |
Investment measures |
Other |
Relevant information
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Table 1.5 Inward foreign investment stock by sector, 2019
Sector: Water supply, sewerage, waste management and remediation activities (WAT)
No. of projects: 53
Total capital: 2,372.13
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Keywords
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Secretariat TPR |
WT/TPR/S/410/REV.1 |
S-2§69 |
Viet Nam |
2021 |
Trade Policy Framework |
Investment measures |
All products/economic activities |
Relevant information
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2.69. A foreign investor is defined by the Investment Law as any organization established in accordance with foreign laws and conducting business investment activities in Viet Nam. Article 9 of the Law stipulates the protection of foreign investors from nationalization or confiscation through administrative measures, and establishes a list of exceptional reasons [58] for expropriation by the State subject to compensation. (...)
[58] Exceptional reasons include national defence and security, national interests, states of emergency, and prevention of, or recovery after, natural disasters.
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Keywords
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Secretariat TPR |
WT/TPR/S/410/REV.1 |
S-2§70 |
Viet Nam |
2021 |
Trade Policy Framework |
Ban/Prohibition, Investment measures |
Other |
Relevant information
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2.70. Article 6 of the Investment Law classifies restricted investment activities for national and foreign investors in banned [59] and conditional businesses. (...).
[59] Trade in specific narcotic substances, chemicals and minerals, and wild fauna and flora species are listed as banned activities in Appendices 1, 2, and 3 of the 2014 Investment Law.
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Keywords
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Secretariat TPR |
WT/TPR/S/410/REV.1 |
S-2§71 |
Viet Nam |
2021 |
Trade Policy Framework |
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All products/economic activities |
Relevant information
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2.71. (...) Decree No. 118/2015/ND-CP (guidelines for some articles of the Law on Investment), issued on 12 November 2015, provides further details on conditions that might apply to investment, such as licences, certificates of eligibility (...) . Investment projects that have a significant environmental impact, use forest or rice cultivation lands (more than 500 hectares), or relocate people (20,000 in mountainous areas or 50,000 elsewhere) require approval by the National Assembly. (...).
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