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RESTRICTED WT/TPR/S/287 13 August 2013

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RESTRICTED WT/TPR/S/287 13 August 2013 RESTRICTED WT/TPR/S/287 13 August 2013 (13-4275) Page: 1/183 Trade Policy Review Body TRADE POLICY REVIEW REPORT BY THE SECRETARIAT VIET NAM This report, prepared for the first Trade Policy Review of Viet Nam, has been drawn up by the WTO Secretariat on its own responsibility. The Secretariat has, as required by the Agreement establishing the Trade Policy Review Mechanism (Annex 3 of the Marrakesh Agreement Establishing the World Trade Organization), sought clarification from Viet Nam on its trade policies and practices. Any technical questions arising from this report may be addressed to Sergios Stamnas (tel: 022 739 5382), Cato Adrian (tel: 022 739 5469), and John Finn (tel: 022 739 5081). Document WT/TPR/G/287 contains the policy statement submitted by Viet Nam. Note: This report is subject to restricted circulation and press embargo until the end of the first session of the meeting of the Trade Policy Review Body on Viet Nam. This report was drafted in English. WT/TPR/S/287 • Viet Nam - 2 - CONTENTS SUMMARY ........................................................................................................................ 8 Economic Environment ...................................................................................................... 8 Trade Policy Framework ..................................................................................................... 9 Trade Policy Developments ................................................................................................. 9 Sectoral Policy Developments ............................................................................................ 11 Outlook .......................................................................................................................... 12 1 ECONOMIC ENVIRONMENT ........................................................................................ 13 1.1 Overview ................................................................................................................. 13 1.2 Recent Economic Performance .................................................................................... 14 1.3 Balance of Payments ................................................................................................. 19 1.4 Key Policy Developments ........................................................................................... 20 1.4.1 Macroeconomic policies ........................................................................................... 20 1.4.1.1 Monetary and exchange rate policies ...................................................................... 20 1.4.1.2 Fiscal policies ..................................................................................................... 21 1.4.2 Structural policies .................................................................................................. 21 1.4.2.1 Tax reform ......................................................................................................... 22 1.4.2.2 Privatization ....................................................................................................... 23 1.4.2.3 Competition policy .............................................................................................. 23 1.4.2.4 Corporate governance and anti-corruption action ..................................................... 24 1.4.2.5 Labour market policies ......................................................................................... 25 1.5 Composition and Pattern of Trade ............................................................................... 25 1.6 Trends and Patterns in Foreign Direct Investment ......................................................... 27 2 TRADE POLICY REGIME: FRAMEWORK AND OBJECTIVES .......................................... 31 2.1 General Framework .................................................................................................. 31 2.2 Trade Policy Objectives ............................................................................................. 33 2.3 Trade Agreements and Arrangements .......................................................................... 34 2.3.1 WTO .................................................................................................................... 34 2.3.2 Association of Southeast Asian Nations (ASEAN)......................................................... 36 2.3.3 Other regional and bilateral agreements .................................................................... 37 2.3.4 Other trade agreements.......................................................................................... 38 2.4 Investment regime ................................................................................................... 39 3 TRADE POLICIES AND PRACTICES BY MEASURE ........................................................ 42 3.1 Introduction ............................................................................................................. 42 3.2 Measures Directly Affecting Imports ............................................................................ 43 3.2.1 Import procedures and requirements ........................................................................ 43 3.2.2 Ordinary customs duties ......................................................................................... 44 3.2.3 Other duties and charges ........................................................................................ 47 3.2.4 Tariff-rate quotas, tariff exemptions ......................................................................... 47 3.2.5 Fees and charges for services rendered ..................................................................... 49 WT/TPR/S/287 • Viet Nam - 3 - 3.2.6 Internal taxes ....................................................................................................... 50 3.2.7 Import prohibitions, restrictions, and licensing ........................................................... 53 3.2.8 Customs valuation ................................................................................................. 57 3.2.9 Rules of origin ....................................................................................................... 58 3.2.10 Anti-dumping, countervailing duty, and safeguard regimes......................................... 58 3.3 Measures Directly Affecting Exports ............................................................................. 60 3.3.1 Export procedures and requirements ........................................................................ 60 3.3.2 Export taxes, fees, and charges for services rendered, and internal taxes on exports .......................................................................................................................... 60 3.3.3 Export restrictions ................................................................................................. 62 3.3.4 Export subsidies, finance, and guarantees ................................................................. 63 3.3.5 Export promotion and marketing assistance ............................................................... 63 3.4 Measures Affecting Production and Trade ..................................................................... 64 3.4.1 Subsidies .............................................................................................................. 64 3.4.2 Standards, technical requirements, and conformity assessment .................................... 66 3.4.2.1 Technical barriers to trade .................................................................................... 66 3.4.2.2 Sanitary and Phytosanitary Measures ..................................................................... 71 3.4.2.2.1 Quarantine ...................................................................................................... 76 3.4.3 Trade-related investment measures.......................................................................... 77 3.4.4 Free zones and special economic areas ..................................................................... 77 3.4.5 Transit ................................................................................................................. 78 3.4.6 Government procurement ....................................................................................... 78 3.4.7 State trading, state-owned enterprises, and privatization/equitization ........................... 80 3.4.8 Competition policy ................................................................................................. 83 3.4.9 Price controls ........................................................................................................ 84 3.4.10 Trade-related intellectual property regime ............................................................... 86 3.4.10.1 Overview ......................................................................................................... 86 3.4.10.1.1 General ......................................................................................................... 86 3.4.10.1.2 Notifications in the TRIPS Council and review of legislation in 2008 ........................ 86 3.4.10.1.3 IP authorities ................................................................................................. 86 3.4.10.1.4 International treaties ...................................................................................... 87 3.4.10.1.4.1 WIPO ........................................................................................................
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