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AGREEMENT BETWEEN JAPAN AND THE SOCIALIST REPUBLIC OF VIET NAM FOR AN ECONOMIC PARTNERSHIP (VJEPA)

The Vietnam-Japan Economic Partnership Agreement (VJEPA) was signed on December 25, 2008, has been effective since October 1, 2009. Its comprehensive content includes many areas including trade in goods, trade in services, investment, and improvement of the business environment and movement of natural persons.

Accordingly, in the last year of the tax reduction roadmap (in 2026), which is after 16 year implementation of this Agreement, Vietnam has committed to eliminating 90.64% of the tariff lines and by the time the Agreement was effective, 29.14% of the tariff lines have been immediately deleted. The remaining ones are for CKD cars and other sensitive lines, which maintain the basic tariffs or do not reduce, accounting for 9% on the groups including alcohol tobacco, some chemical products, explosives, rubber, cotton and steel…