Post by farjana1 on Jan 15, 2024 1:23:08 GMT -5
The Department of Foreign Trade recommends that manufacturers request a Certificate of Origin Form D to exercise their right to exempt or reduce taxes on more than 10,000 export products to Vietnam. The reason is that it is Thailand's number 4 export market in the world market. and is number 1 in ASEAN, revealing that Thai products have many opportunities. Keep an eye on the hot "drinks" because Vietnam is the third largest market in the world and Thai products pay 0% tax, but competitors get 27-41.5%, Mr. Adul Chotinisakorn, Director-General. The Department of Foreign Trade revealed that the department has recommendations for Thai manufacturers and exporters to give importance to expanding their products into the Vietnamese market. Because currently Vietnam has exempted and reduced import taxes for products exported and originating in Thailand under the ASEAN Free Trade Area (AFTA), amounting to 10,250 items, or 99.55% of the total product list. In order to apply for tax exemption or reduction of customs duties imported into Vietnam.
Entrepreneurs must have a Certificate of Origin Form D to declare to Vietnamese customs. You can request it at the Department. through electronic system “Vietnam is an important export market for Thailand. Thai exports to Vietnam have reached a value of US$10 billion since 2017. In 2018, the value rose to US$12,836 million. It is considered the number 4 export market after Country Email List China, the United States and Japan and is the number 1 market in ASEAN. Therefore, it is considered an important export market for Thailand.” For products exported to the important Vietnamese market. Contains petroleum. Air conditioning, pickup trucks, fresh and dried fruits Automotive spare parts and components, polyethylene, refrigerators, washing machines, frozen shrimp, car tires, which are exempt from import tax at the rate of 0%, and products that have a good tendency to expand, such as ready-made products, cosmetics, and clothing. ready made fashion accessories Including items for children which pays tax at the same 0% rate.
In addition, it is found that the beverage market in Vietnam It is a market with opportunities for Thai entrepreneurs. Because Vietnam is the third largest market in the world, it is expected that by 2020, the Vietnamese market's beverage demand will reach 100,000 million liters. The normal tax rate for beverage products is between 27-41.5%, while the tax rate for beverage products. Drinks from Thailand will be charged at 0% if they have Form D certification. Mr. Adul said Currently, requesting a Form D certificate can be submitted via the electronic system. But entrepreneurs still have to travel to receive a certificate from the Department in the case of exporting to Vietnam. due to technical obstacles As a result, the exchange of electronic Form D certificate information (e Form D) between the Department and Vietnam Customs is still not possible. The Department will expedite cooperation to resolve technical problems with the Vietnamese side. In order to eliminate problems that occurred in the process of receiving information from the Vietnamese side. To be able to fully use the e Form D system. As for the countries in ASEAN that are already using e Form D, namely Thailand, Malaysia, Indonesia, and Singapore, they are about to use the agenda that Thailand is chairing ASEAN to push the remaining ASEAN members, whether Brunei, the Philippines, Laos, Cambodia, and Myanmar, to use the e system. Form D will be completed in all countries.
Entrepreneurs must have a Certificate of Origin Form D to declare to Vietnamese customs. You can request it at the Department. through electronic system “Vietnam is an important export market for Thailand. Thai exports to Vietnam have reached a value of US$10 billion since 2017. In 2018, the value rose to US$12,836 million. It is considered the number 4 export market after Country Email List China, the United States and Japan and is the number 1 market in ASEAN. Therefore, it is considered an important export market for Thailand.” For products exported to the important Vietnamese market. Contains petroleum. Air conditioning, pickup trucks, fresh and dried fruits Automotive spare parts and components, polyethylene, refrigerators, washing machines, frozen shrimp, car tires, which are exempt from import tax at the rate of 0%, and products that have a good tendency to expand, such as ready-made products, cosmetics, and clothing. ready made fashion accessories Including items for children which pays tax at the same 0% rate.
In addition, it is found that the beverage market in Vietnam It is a market with opportunities for Thai entrepreneurs. Because Vietnam is the third largest market in the world, it is expected that by 2020, the Vietnamese market's beverage demand will reach 100,000 million liters. The normal tax rate for beverage products is between 27-41.5%, while the tax rate for beverage products. Drinks from Thailand will be charged at 0% if they have Form D certification. Mr. Adul said Currently, requesting a Form D certificate can be submitted via the electronic system. But entrepreneurs still have to travel to receive a certificate from the Department in the case of exporting to Vietnam. due to technical obstacles As a result, the exchange of electronic Form D certificate information (e Form D) between the Department and Vietnam Customs is still not possible. The Department will expedite cooperation to resolve technical problems with the Vietnamese side. In order to eliminate problems that occurred in the process of receiving information from the Vietnamese side. To be able to fully use the e Form D system. As for the countries in ASEAN that are already using e Form D, namely Thailand, Malaysia, Indonesia, and Singapore, they are about to use the agenda that Thailand is chairing ASEAN to push the remaining ASEAN members, whether Brunei, the Philippines, Laos, Cambodia, and Myanmar, to use the e system. Form D will be completed in all countries.