On 8 June 2022, Vietnam’s Ministry of Finance issued Circular No. 31/2022/TT-BTC (Circular 31), which revises the tariff classification of imported and exported goods under the ASEAN Harmonized Tariff Nomenclature (AHTN) 2022. The AHTN is revised every five years, based on the current version of the Harmonized Commodity Description and Coding System (HS) of the World Customs Organization (WCO). The HS is amended every five years to reflect technological, technical, and commercial changes in products. HS 2022 became effective on 1 January 2022 (replacing HS 2017), and WCO signatory jurisdictions may independently decide which date they will adopt HS 2022 within the current calendar year.
Source Deloitte
