• Policy

        • Viet Nam

        • 2023

        Viet Nam Environment Tax Reduction on Fuel

        Viet Nam government continued to implement a cut of its environment tax on fuels to curb their high prices, from January to December 2024.The tax has been reduced to VND 2,000 per litre on gasoline, VND 600 for kerosene and VND 1,000 on diesel, lubricating oil and fuel oil. 

        • Policy

        • Viet Nam

        • 2024

        Viet Nam's High-Speed Train Investment Project

        Vietnam’s National Assembly has approved a high-speed rail network valued at US$67 billion project by 2035 that will traverse 20 provinces.

        • Policy

        • United Kingdom

        • 2021

        Viet Nam - UK Free Trade Agreement (UKVFTA)

        Viet Nam - UK Free Trade Agreement, which entered into force in 2021, provides for preferential border tariffs, notably for:  Mineral fuel and oilsIron-steelNickelCopperAluminiumZincTinRare earth metalsNuclear reactorsRules of origin delineated in the Agreement state that in order to benefit from preferential tariff treatment, products should  be wholly produced or have undergone a significant production process in the Parties territories,  or incorporate non-originating materials which value does not exceed 40% - 70% of the product exworks price. 

        • Policy

        • Viet Nam

        • 2020

        Viet Nam-Cuba Free Trade Agreement

        The Viet Nam-Cuba Free Trade Agreement entered into force in April 2020. It provides for the gradual elimination of import tariffs over five years, notably for :OresMineral fuelsMineral oilsCoalIron and steelNickelAluminium products.To qualify for preferential tariff treatment, products should be:  wholly obtained or produced in one of the signatory countries, or entirely from materials originating from them.incorporating non-originating materials which value does not exceed 10% of the FOB value of the final products.

        • Policy

        • European Union

        • 2015

        Viet Nam-EU Free Trade Agreement (EVFTA)

        The Free Trade Agreement between Viet Nam and the European Union entered into force in August 2020. It provides for the elimination of border tariffs on most goods exchanged between the Parties, including:Mineral oils and fuelsRare earths metalOres and their concentrate (iron, copper, nickel, aluminium, zin, and tin)Road vehiclesRules of origin delineated in the Agreement state that products wholly obtained or having undergone sufficient processing in one of the Paryies qualify for preferential tariff treatment.

        • Policy

        • Viet Nam

        • 2022

        Viet Nam Action Plan for Methane Emissions Reduction by 2030

        Following its endorsement of the Global Methane Pledge (GMP), Viet Nam submitted its Methane Action Plan 2030 (the "Plan"), which outlines the country's methane reduction strategies. The Plan aims to reduce overall methane emissions in the following sectors: cultivation, animal husbandry, solid waste management, wastewater treatment, oil and gas extraction, coal mining and fossil fuel consumption. The Plan sets specific targets as follows:reduce overall methane emissions by at least 13.34% below 2020 levels by 2025, specifically limiting methane emissions to 42.2 metric tonnes from cultivation, 16.8 metric tonnes from animal husbandry, 21.9 metric tonnes…

        • Policy

        • Korea

        • 2015

        Korea - Viet Nam Free Trade Agreement

        The Free Trade Agreement between Korea and Viet Nam FTA provides for the elimination or reduction of border tariffs, notably for the following imports from Korea:AppliancesAutomobile componentsAutomobile Internal Combustion EnginesHeavy Duty Commercial VehiclesPumpsSteel bars and other steel itemsWiresThe Agreement also provides for the elimination or reduction of border tariffs for the following imports from Viet Nam:Copper wiresCommunication wiresRules of origin delineated in the agreement state that goods may benefit from preferential tariff treatment if:wholly produced or obtained in the country (mainly  applicable to minerals, raw materials, and waste and scrap materials)meeting specific requirements, mainly through having…

        • Policy

        • Japan

        • 2009

        Japan-Viet Nam Economic Partnership Agreement (JVEPA)

        The Japan-Viet Nam Economic Partnership Agreement (JVEPA) entered into force on October 2009. It eliminates borders tariffs for most goods traded between both countries, including : iron, metals, steel, battery packs and cells, anodes, heat pumps, electric cars, and ICE cars. Specific rule of origins delineated in the Agreement state that in order to qualify for preferential tariff treatment, good should be wholly produced, or have undergone a significant production process in one of the signatory countries, or satisfy a 40% minimum local value content requirement.

        • Policy

        • Viet Nam

        • 2021

        First NDC of Viet Nam

        Vietnam aims to reduce its GHG emissions by 8% relative to a business-as-usual trajectory by 2030, and by up to 25% by the same date, conditional on the provision of international support.

        • Policy

        • Viet Nam

        • 2022

        Revised/Updated First NDC of Viet Nam

        Vietnam aims to reduce its GHG emissions by 9% relative to an updated business-as-usual trajectory by 2030, and up to 27% by the same date, conditional on the provision of international support.

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