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THE MINISTRY OF
PLANNING AND INVESTMENT
THE MINISTRY OF FINANCE
THE MINISTRY OF TRADE
THE GENERAL DEPARTMENT OF TOURISM
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SOCIALIST
REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No. 11/TT-LB
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Hanoi, July 21,
1997
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INTER-MINISTERIAL CIRCULAR
PROVIDING
GUIDANCES ON DUTY-FREE IMPORT OF EQUIPMENT OF FOREIGN INVESTED ENTERPRISES
Pursuant to the Prime Ministers comments in
the Governments Official Dispatch No.3144-KTTH of June 24, 1997.
The Ministry of Planning and Investment, the Ministry of Finance, the Ministry
of Trade and the National Administration of Tourism hereby provide following
guidances on the duty-free import of equipment of foreign-invested enterprises:
1. Objects and scope of application
1.1. This Circular shall apply to
foreign-invested enterprises and foreign parties to business cooperation
contracts (hereinafter referred to as enterprises) in such fields as: hotels,
office space and apartments for rent; residential housing; construction of
markets and trade centers; technical services; dealing in department stores,
golf courses; tourist resorts; sport centers; entertainment centers; hospitals;
schools; culture; finance; banking; insurance; auditing; consultanty services
that had been granted investment licenses before 23 November 1996.
1.2. If the above-mentioned enterprises have
been granted by readjusted licenses by the Ministry of Planning and Investment
before or after November 23, 1996 in order to increase investment capital,
upgrade or expand project scales, this Circular shall also apply thereto
(except where the construction is added as a new project at another location).
2. Equipment eligible for import-duty exemption.
An enterprises shall be entitled to a single
import-duty exemption for equipment imported as part of the investment capital
to form fixed assets for establishing the enterprise according to commodity
groups specified in the Appendix attached with this Circular.
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3. Competence and procedures for approving a
list of goods exempt from import duty
Based on the investment license, the economic
and technical presentation or technical design of a project, the Ministry of
Trade shall determine a list of goods to be exempt once from import duty in
respect of equipment of foreign invested enterprises mentioned in Point 2 of
this Circular
In the process of approving import plans, if the
total value of equipment to be imported by an enterprise is not more than 10%
of the breakdown capital of import as set forth in the economic and technical
presentation or technical design, but not exceeding of 500,000 USD, the
Ministry of Trade shall approve such import without written certification by the
Ministry of Planning and Investment.
FOR THE
MINISTER OF TRADE
VICE MINISTER
Nguyen Xuan Quang
FOR THE
MINISTER OF FINANCE
VICE MINISTER
Vu Mong Giao
FOR THE GENERAL DIRECTOR OF THE
NATIONAL ADMINISTRATION OF TOURISM
DEPUTY GENERAL DIRECTOR
Dang Van Tin
FOR THE MINISTER OF PLANNING AND
INVESTMENT
VICE MINISTER
Nguyen Nhac
APPENDIX
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THE LIST OF FOREIGN-INVESTED ENTERPRISES
EQUIPMENT CATEGORIES ELIGIBLE FOR ONE IMPORT-DUTY EXEMPTION
1. Office equipment and furniture (computers,
printers, fax machines, telex, photocopiers, tables, chairs, file cabinets...)
2. Reception-room furniture (desks, chairs,
carpets...)
3. Equipment for kitchens, dinning rooms,
restaurants, bars (all kind of cooking stores, microwave ovens, smoke
ventilators, deodorizers, kitchen utensils, glasses, plates of various
types...)
4. Equipment and furniture for hotel rooms
(beds, wardrobes, tables and chairs, TV, refrigerators, telephone ...)
5. Audio-visual equipment (cassette tape
recorders players, amplifiers, speakers, VCR, micro ...)
6. Sanitary wares (bathtubs, toilet bowls, wash
basins, mirrors, ...)
7. Water supply system of various types (water
pumps, filters, water meters, steam boilers, ...)
8. Air-conditioning and ventilating system
(central or local air conditioning).
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10. Lighting and electric system (lamps of all
kinds, lighting etc.)
11. Garbage and discharge water treatment
system.
12. Communications system
13. Transport system (elevators, electric
vehicles, trolley of all kinds etc.)
14. Laundry system
15. Security system
16. Equipment and facilities for gymnasiums,
swimming pools, tennis courts, hair dressers, dancing halls, karaoke parlours,
entertainment and therapeutic rehabilitation.
17. Lawn machinery and equipment (grass cutter,
insecticide sprayers etc.)
18. Water sprayer, irrigation and drainage
system
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20. Machinery and equipment for sport and
entertainment centers
21. Medical machines and equipment, laboratory
equipment
22. Spare parts attached to the above mentioned
machinery and equipment.-