IMPORT DUTY ON COSMETICS FROM KOREA TO VIETNAM
Vietnam and Korea have most–favored–nation (MFN) treatment and join Vietnam – Korea Free Trade Agreement (VKFTA) and ASEAN – Korea Free Trade Agreement (AKFTA). Therefore, for cosmetics imported from Korea, the import tax is determined as follows:
+ If cosmetics meet the conditions under the Vietnam-Korea Free Trade Agreement (VKFTA) or the ASEAN-Korea Free Trade Agreement (AKFTA), they are entitled to special preferential import tariff according to Schedule of tariffs for which cosmetics meet those conditions.
+ If cosmetics are not eligible under the agreement, they are entitled preferential import tax.
Below is a table of cosmetic import tariffs from Korea including preferential import tariffs and special preferential import duties under the Vietnam-Korea Free Trade Agreement (VKFTA) and the ASEAN Free Trade Agreement. – Korea (AKFTA) includes:
- Import duty on cosmetics from Korea 2020
- Import duty on cosmetics from Korea 2021
- Import duty on cosmetics from Korea 2022
|HS Code||Description||Preferential import tax
|Form AK (AKFTA) (**)||Form VK (VKFTA) (***)|
|2020||2021||2022||Countries do not enjoy preferential||2020||2021||2022|
|33.04||Beauty or make-up preparations and preparations for the care of the skin (other than medicaments), including sunscreen or sun tan preparations; manicure or pedicure preparations.|
|3304.10.00||– Lip make-up preparations||20||20||5||5||20||5||5|
|3304.20.00||– Eye make-up preparations||22||20||5||5||20||5||5|
|3304.30.00||– Manicure and pedicure preparations||22||20||5||5||8,8||6,6||4,4|
|3304.91.00||– – Powders, whether or not compressed||22||20||5||5||10||7,5||5|
|3304.99||– – Other:|
|3304.99.20||– – – Anti-acne preparations||10||20||5||5||4||3||2|
|3304.99.30||– – – Other face or skin creams and lotions||20||20||5||5||8||6||4|
|3304.99.90||– – – Other||20||20||5||5||8||6||4|
|3401.30.00||– Organic surface-active products and preparations for washing the skin, in the form of liquid or cream and put up for retail sale, whether or not containing soap||27||20||5||5||20||5||5|
(*) The current preferential import tariff is stipulated in the Government’s Decree No. 125/2017 / ND-CP dated November 16, 2017.
(**) The current special preferential import tariff under Vietnam-Korea Free Trade Agreement (VKFTA) is stipulated in in Decree 149/2017 / ND-CP dated December 26, 2017.
(***) The current special preferential import tariff under ASEAN – Korea Free Trade Agreement (AKFTA) is stipulated in in Decree 157/2017/NĐ-CP dated December 26, 2017.
For more details about cometics import procedure, please read more in the following article: Import Procedure of Cosmetics to Vietnam
For more detailed advice on import procedures, shipping methods and estimate for the full shipping cost, please contact us – Logistics Service Provider for importing Comestics from Korea to Vietnam
Hp Global Company Limited
Freight forwarder and Customs Brokerage
Room 2308, CT2 Van Khe, La Khe, Ha Dong, Hanoi
Hotline: ++84 98 487 0199
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