Vietnam: Vietnam Eliminates and Reduces MFN Tariff Rates on Select Agricultural Products

The Government of Vietnam (GVN) issued Decree 101/2021/ND-CP on November 15, 2021, revising Most-Favored-Nation (MFN) tariff rates on corn, wheat, pork, and planting seeds. Vietnam will eliminate the MFN duty for all classes of wheat and select planting seeds, lower the MFN corn tariff to two percent, and lower the frozen pork tariff to ten percent. The corn, wheat, and planting seeds tariffs will go into effect on the same date the Decree enters into force, December 30, 2021, while the lower tariff rate for frozen pork will be effective on July 1, 2022.