CODIFICATION OF ON-THE-SPOT IMPORT AND EXPORT AND CUSTOMS SUPERVISION MECHANISMS UNDER THE AMENDED LAW ON VALUE ADDED TAX, CUSTOMS LAW, AND SIX OTHER LAWS (LAW NO. 90/2025/QH15)

The Law Amending the Law on Value Added Tax, the Customs Law, and Six Other Laws (Law No. 90/2025/QH15), passed by the National Assembly on May 26, 2025, and effective from July 1, 2025, supplements provisions on customs inspection and supervision of on-the-spot import and export goods in Article 47a of the 2014 Customs Law as follows:

– Officially defines on-the-spot import and export and establishes a mechanism for inspection and supervision of on-the-spot import and export goods, which are common in processing models and domestic supply chains:

• On-the-spot import and export goods are goods delivered and received domestically as designated by foreign traders in sales, processing, leasing/borrowing contracts with Vietnamese enterprises.
• On-the-spot import and export goods must complete customs procedures and are subject to inspection and supervision by customs authorities.

– Although the procedures are more tightly regulated, the most important preferential policy remains unchanged. On-the-spot import and export goods continue to enjoy the 0% VAT rate.