New regulations on cross-border trade activities
16:28 | 25/12/2009
VGP – The Government just issued a new decision providing new regulations on cross-border trading activities.

Vehicles at the Ka Long border-gate, Móng Cái, Quảng Ninh Province
The decision, which will replace the PM’s Decision 254/2006/QĐ-TTg dated on November 7, 2006 on management of cross-border trade activities, is scheduled to come into effect on March 1 next year.

Cross-border trade activities include the purchase, selling and exchanging of goods among residents living in the border areas; trading activities at border or border-gate markets and markets located in border-gate economic zones; and cross-border export-import activities in line with bilateral trade agreements between Việt Nam and other countries sharing the same borderline.

Border trade goods must bear tariffs or other charges under the current Vietnamese regulations and enjoy export-import tax preferences stipulated in the bilateral agreement between Việt Nam and the bordering countries.

Noticeably, the decision says goods produced in the countries sharing the same borderline, once imported into Việt Nam as exchanges among border residents will be exempted from import tax and other charges with the maximum value of not higher than VND 2 million/head/day/turn. However, these goods must be enlisted by the Ministry of Industry and Trade.

Other regulations on junior border-gates were also amended, according to the decision. As a result, people, vehicles and goods will be allowed to freely move through these border-gates.

According to the latest report made by the Ministry of Industry and Trade, cross-border export and import values between Việt Nam and the countries sharing the same borderline significantly decreased in the first nine months this year. Specifically, the two-way trade turnover with China went down by 58.98% in the first six months compared to the same period of 2009, Laos (down by 12.5%), and Cambodia (down by 16.44%).

By Hải Minh
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