2024 Vietnam Trade Update: Preferential Measures and Commodity Codes Overhaul

AI Summary ✨

The Department for Business and Trade corrected a missing entry for Vietnam Preferential Measures affecting commodity codes in multiple chapters, applicable from 04/01/2024. The Simplified Procedure Value update is relevant for 05/01/2024 to 18/01/2024. New commodity codes added mentioned include 0303899012, 0303899022, 0303899092, 0304992340, 0303559080, and 0304799021. Several commodity codes have been merged, effective 01/01/2024.

Updates to Vietnam Preferential Measures:

This update is due to the Department for Business and Trade correcting a missing tariff dataset entry in respect of Vietnam Preferential Measures as of 04/01/2024 on commodity codes within Chapters 3, 16, 18, 19, 21, 22, 24, 61, 62, 63, 64, 69, 76, 85, 87.

Update to Simplified Procedure Value:

The Simplified Procedure Value (SPV) has been updated. The update applies to the period between 05 January 2024 and 18 January 2024. Please use the following link to find out more: Simplified Procedure Value Information

Updates to Commodity Code Structure to maintain dynamic alignment with the EU.

The following commodity codes have been added as of 1 January 2024: 

Commodity CodeDescription
0303899012Fish of the species Kathetostoma giganteum
0303899022Bogue (Boops boops)
0303899022Bogue (Boops boops)
0303899092Other
0304992340Flaps
0303559080Other
0304799021Other
0304799021Other

 

The following commodity codes have been merged as of 1 January 2024:  

  • 0303553090 is being absorbed into 0303553000
  • 0303553010 is being absorbed into 0303553000
  • 3204170045 is being absorbed into 3204170090
  • 3808999090 is being absorbed into 3808999000
  • 3808999020 is being absorbed into 3808999000
  • 3811290015 is being absorbed into 3811290090
  • 3824999383 is being absorbed into 3824999390
  • 3824999685 is being absorbed into 3824999699
  • 3920621976 is being absorbed into 3920621999
  • 7009100040 is being absorbed into 7009100090
  • 7019900010 is being absorbed into 7019900085
  • 7616999010 is being absorbed into 7616999099
  • 8414302040 is being absorbed into 8414302090
  • 8414302050 is being absorbed into 8414302090
  • 8544429015 is being absorbed into 8544429090
  • 0304495090 is being absorbed into 0304495000
  • 0304495010 is being absorbed into 0304495000
  • 0304860020 is being absorbed into 0304860000
  • 0304860080 is being absorbed into 0304860000
  • 0303895510 is being absorbed into 0303895500
  • 0303895590 is being absorbed into 0303895500
  • 0303820090 is being absorbed into 0303820000
  • 0303820010 is being absorbed into 0303820000
  • 0303560090 is being absorbed into 0303560000
  • 0303560010 is being absorbed into 0303560000
  • 0303699010 is being absorbed into 0303699000
  • 0303699090 is being absorbed into 0303699000
  • 0303899015 is being absorbed into 0303899012
  • 0303899011 is being absorbed into 0303899012
  • 0303899025 is being absorbed into 0303899022
  • 0303899021 is being absorbed into 0303899022
  • 0303899095 is being absorbed into 0303899092
  • 0303899091 is being absorbed into 0303899092
  • 0304992310 is being absorbed into 0304992340
  • 0304992320 is being absorbed into 0304992340
  • 0304992330 is being absorbed into 0304992340
  • 0303559097 is being absorbed into 0303559080
  • 0303559095 is being absorbed into 0303559080
  • 0304799019 is being absorbed into 0304799021
  • 0304799017 is being absorbed into 0304799021
A detailed visual representation of the 2024 Vietnam Trade Update. The image showcases a bustling port in Vietnam, with modern cargo ships being loade (1)

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