AsemconnectVietnam - From March 31, 2025, cars, wood, ethanol, frozen chicken thighs, pistachios, almonds, fresh apples, cherries, etc. will be subject to new preferential import tax rates.

On March 31, 2025, the Government issued Decree 73/2025/ND-CP amending and supplementing the preferential import tax rates (MNF) of a number of items in the Preferential Import Tax Schedule according to the List of taxable items issued with Decree 26/2023/ND-CP dated May 31, 2023 on Export Tax Schedule, Preferential Import Tax Schedule, List of goods and absolute tax rates, mixed tax, import tax outside the tariff quota.
The preferential import tax rate for liquefied natural gas (LNG) is reduced from 5% to 2%.
Specifically, amend and supplement the preferential import tax rate of a number of products specified in Appendix II - Preferential import tax schedule according to the List of taxable products specified in Article 3 of Decree No. 26/2023/ND-CP into new preferential import tax rates.
Accordingly, the preferential import tax rate for automobiles with HS codes 8703.23.63 and 8703.23.57 is reduced from 64% to 50% and automobiles with HS code 8703.24.51 from 45% to 32%.
For ethanol products, the preferential import tax rate is also reduced from 10% to 5%.
The import tax rate for frozen chicken thighs is reduced from 20% to 15%; Pistachios, unshelled, reduced from 15% to 5%; almonds, reduced from 10% to 5%; fresh apples, reduced from 8% to 5%; sweet cherries, reduced from 10% to 5%; raisins, reduced from 12% to 5%.
For wood and wood products, including: Group 44.21, wooden products (including products such as clothes hangers, coffins, thread spools, yarn tubes and bobbins, sewing reels and similar products, wooden matchsticks, etc.). Groups 94.01 and 94.03: Seats and parts of seats; wooden furniture, reduced import tax from 20% and 25% to the same tax rate of 0%.
Preferential import tax rate for liquefied natural gas (LNG) reduced from 5% to 2%. Ethane, HS code 2711.19.00 added to chapter 98 with preferential import tax rate of 0%. Preferential import tax rate for corn kernels is reduced from 2% to 0%; soybean meal is reduced from 1%, 2% to 0%.
This Decree takes effect from the date of signing and promulgation on March 31, 2025.
Previously, Mr. Nguyen Quoc Hung - Director of the Department of Management and Supervision of Tax, Fee and Charge Policies (Ministry of Finance) - informed that in order to respond to the complicated and unpredictable developments of the world's geopolitical and economic situation, especially changes in economic, trade and tariff policies, the unit has submitted to the Government an amendment to Decree No. 26/2023 to adjust and reduce MNF tax for a number of groups of goods.
The Ministry of Finance assessed that the adjustment of preferential import tax for some goods is necessary, ensuring fair treatment among Vietnam's comprehensive strategic partners, improving the trade balance with partners. In addition, it encourages businesses to diversify imported goods, creating purchasing power for consumers, and creating convenience for taxpayers. In principle, the Ministry of Finance also said that the adjustment is guaranteed to apply to domestically produced goods that have not been produced or have been produced but are not enough to meet consumer demand.
CK
Source: VITIC/congthuong.vn