- The OTS export-import scheme has been retained and restrictions on foreign entities without a commercial presence have been removed.
- Decree No. 167 confirms and approves the OTS export-import scheme.
- Foreign entities engaging in the OTS export-import scheme no longer need a commercial presence in Vietnam.
- Guidance on customs procedures allows flexibility in completing customs before or after goods delivery.
- Transactions between local entities and export-processing enterprises are no longer part of the OTS export-import scheme.
- Goods exported under the OTS export scheme are eligible for 0 percent VAT.
Source: insightplus.bakermckenzie.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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