On March 31, 2025, the Government issued Decree 73/2025/ND-CP amending and supplementing preferential import tax rates (MNF) of a number of items in Preferential Import Tariff according to List of taxable items issued together with Decree 26/2023/ND-CP dated May 31, 2023 on the Export Tariff, Preferential Import Tariff, List of goods and absolute tax rates, mixed tax and import tax outside the tariff quota.
Specifically, amending and supplementing preferential import tax rates of a number of items specified in Appendix II - Preferential Import Tariff according to List of taxable items specified in Article 3 of Decree No.26/2023/ND-CP into new preferential import tax rates.
Accordingly, preferential import tax rate for automobiles with HS codes 8703.23.63 and 8703.23.57 will be reduced from 64% to 50% and automobiles with HS codes 8703.24.51 from 45% to 32%.
For ethanol, preferential import tax rate will also be reduced from 10% to 5%.
Import tax rate for frozen chicken thighs will be reduced from 20% to 15%; for unshelled pistachios will be reduced from 15% to 5%; for almonds, from 10% to 5%; for fresh apples, from 8% to 5%; for sweet cherries, from 10% to 5%; for raisins, 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 thread reels and similar products, wooden bars for making matches...). Groups 94.01 and 94.03: Seats and parts of seats; wooden furniture, import tax reduction from tax rates of 20% and 25% to the same tax rate of 0%.
Preferential import tax rate for liquefied natural gas (LNG) is reduced from 5% to 2%. For ethane, HS code 2711.19.00 is added to Chapter 98 with a 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 date of signing and promulgation on March 31, 2025.
Previously, Mr. Nguyen Quoc Hung - Director of Department of Management and Supervision of Tax, Fee and Charge Policies (Ministry of Finance) - informed that in order to respond to 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 Government an amendment to Decree No.26/2023 to adjust and reduce MNF tax for a number of groups of goods.
Ministry of Finance assessed that adjusting preferential import tax for some goods is necessary, ensuring fair treatment among Vietnam's comprehensive strategic partners, improving 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, Ministry of Finance also said that adjustment ensures application to domestically produced goods that have not been produced or have been produced but are not enough to meet consumer demand.

Source: Vitic/ congthuong.vn