Vietnam to scrap tax exemption for low-cost imports from February

Hanoi: Vietnam will abolish a duty exemption for low-cost imported goods from February 18, the government said on Saturday, in a move targeted at e-commerce platforms.

Such imports worth less than 1 million dong ($39.37) had been free of duty since 2010, but a decision on Friday, signed by Deputy Prime Minister Ho Duc Phoc scraps the exemption, the government said in a statement.

The decision follows a call from parliament in November for the move.