On November 14th 2014, the Ministry of Finance issued Circular No. 167/2014/TT-BTC prescribing AKFTA special preferential tariff period 2015-18. Circular No. 167/2014/TT-BTC came to force on 01 January 2015 to 31/12/2018, replacing Circular No. 163/2011/TT-BTC dated 17 November 2011 which expired on 31 December 2014.
Sensitive items in AKFTA are obliged to reduce in 2015-2018, namely with 20% tax rate in 2017 and 2018 (over 600 tax lines at 8-digit and 10-digit levels). These are items such as petroleum products, construction materials, paper, steel, components, automobile parts ... In addition, a number of sensitive products such as automobiles, a number of steel products, tobacco… are not obliged to cut tax under AKFTA in 2015-18.