Vietnam’s commitment in ACFTA

• Vietnam commits to eliminate 90% of tariff lines within 10 years, flexibly until the final year of schedule in 2018. The remaining tariff lines Vietnam commits to reduce from 5% to 50% by the end of the schedule is 2020.
• From January 1, 2015, Vietnam cut another 3691 tariff lines to 0% compared to 2014 (the number of tariff lines cut to 0% was 7983 lines, accounting for 84.11% of the total tariff table), focusing on commodity group: plastic & plastic raw materials, furniture & wood products, machinery and equipment, spare parts, computers and electronic components products, garment fabrics, raw materials textile materials, footwear, textile products, and some iron and steel products. Tax rates in 2016 and 2017 remained the same compared to 2015.
• From January 1, 2018, there were 588 more tariff lines cut to 0%, bringing the number of tariff lines cut to 0% to 8571 lines, accounting for 90.3% of the total list, including some meat and processed products, products from vegetables and fruits, cereals, electric motors, household goods, chemicals, auto parts, construction materials, plastic, rubber, paper...
• By 2020, about 475 sensitive tarriff lines will be reduced to 5%, including iron and steel products, electric cables, and household electrical products; rubber products, ceramics, paper, cement, plastic and other industrial products; processed agricultural products; some lines of trucks and specialized vehicles...
• Tariff lines that maintain high rates or do not commit to tariff reductions include 456 tariff lines, including: poultry eggs, sugar, tobacco, engines, means of transport (cars, motorbikes, excluding trucks 6-) 10 tons), petroleum, iron and steel, construction materials, some items related to national security.

China’s commitment

• China committed to eliminate tariffs for 95% of tariff lines by 2011. The remaining number of sensitive tariff lines, China committed to reduce 5% to 50% by the end of the roadmap in 2018.
• By 2015, there were 7845 tariff lines cut to 0%, accounting for 95.35% of total tariff lines and accounting for 91.59% of total import turnover from Vietnam. The average tax rate of China's tariff for ASEAN for the period 2015-2017 is 0.73%/year and in 2018 is 0.56%/year.
• Some Chinese products still maintain tax rates, including cereals and grain products; coffee, tea, spices; Petroleum; fertilizers of all kinds; plastic raw materials; apparel fabrics; textile and footwear materials; engines, machinery and equipment; automobiles, engines, auto parts; furniture...