The reduction of the MFN tariff to zero is also proposed for some items being intermediate products for oil refiners, such as VGO, residue and condensate, to ensure enough supply of those products for petroleum production.
The Department of Trade Defence under the Ministry of Industry and Trade will begin releasing Viet Nam’s export data to the Eurasian Economic Union (EAEU) on a monthly basis to help local businesses avoid Most Favoured Nation (MFN) tariffs.
The European Union (EU) and Viet Nam stand to benefit from a bilateral
free-trade agreement to be signed by the end of next year, officials
have said at a business forum held in HCM City.
