THE MINISTRY OF TRADE
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom – Happiness
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No. 07/2004/TT-BTM
Hanoi, August 26, 2004
 
CIRCULAR
GUIDING THE DETAILED CLASSIFICATION OF PRODUCTION RAW MATERIALS, SUPPLIES AND COMPONENTS, WHICH ARE EXEMPT FROM IMPORT TAX FOR 05 YEARS AFTER COMMENCEMENT OF PRODUCTION, APPLICABLE TO FOREIGN-INVESTED ENTERPRISES AND PARTIES TO BUSINESS COOPERATION CONTRACTS AS SPECIFIED IN CLAUSE 10, ARTICLE 1 OF THE GOVERNMENT'S DECREE NO. 27/2003/ND-CP OF MARCH 19, 2003
Pursuant to the Government's Decree No. 24/2000/ND-CP of July 31, 2000 detailing the implementation of the Law on Foreign Investment in Vietnam;
Pursuant to the Government's Decree No. 27/2003/ND-CP of March 19, 2003 amending and supplementing a number of articles of Decree No. 24/2000/ND-CP of July 31, 2000 detailing the implementation of the Law on Foreign Investment in Vietnam;
After reaching agreements with the concerned ministries and branches, the Ministry of Trade hereby guides the detailed classification of production raw materials, supplies and components, which are exempt from import tax for 05 years after the commencement of production, applicable to foreign-invested enterprises and parties to business cooperation contracts, as follows:
I. GENERAL PROVISIONS
1. Application subjects and regulation scope
1.1. Joint-venture enterprises, enterprises with 100% foreign capital and parties to business cooperation contracts under the Law on Foreign Investment in Vietnam (hereinafter referred collectively to as enterprises), which have been licensed for investment in the following fields or geographical areas, shall be exempt from import tax on production raw materials, supplies and components for 05 years after the commencement of production:
- Investment projects in the fields on the list of fields where investment is particularly encouraged under the provisions of Part I of Appendix I to the Government's Decree No. 27/2003/ND-CP of March 19, 2003 detailing the implementation of the Law on Foreign Investment in Vietnam (hereinafter called Decree No. 27/2003/ND-CP).