  
  
G/VAL/N/3/VNM/1  
 
20 May 2022  
(22-3903) Page: 1/1 
Committee on Customs Valuation  Original: English  
 
 
NOTIFICATION UNDER DECISION A.3 CONCERNING THE INTERPRETATION OF THE 
AGREEMENT ON IMPLEMENTATION OF ARTICLE VII OF THE GENERAL AGREEMENT ON 
TARIFFS AND TRADE 1994  
NOTIFICATION OF THE TREATMENT OF INTEREST CHARGES  
VIET NAM 
The following communication, dated 10 May 2022 , is being circulated at the request of the delegation 
of Viet Nam.  
 
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With reference to the Decision of the Committee on Customs Valuation in Section A.3 of document 
G/VAL/5 on the Treatment of  Interest Charges in Customs Value of Imported Goods, Viet Nam wishes 
to inform the Committee as follows:  
 
Interest charges under a financing agreement have been specified at Point h, Clause 2, Article 15 of 
Circular No. 39/2015/TT -BTC dated 25 March 2015  of the Ministry of Finance, specifically:  
 
The interest in proportion to the interest rate according to the financial agreement of the buyer and 
relating to the purchase of imported goods: the deduction for the interest from the transaction value 
shall be  made only if all the following conditions are satisfied:  
 
1) Financial agreement is made in writing ; 
 
2) Customs declarant can prove that at the time the financial agreement is implemented, the 
declared interest rate does not exceed the normal credit interest rate of the exporting country as 
well as the ceiling interest rate promulgated by the State Bank of Viet Nam.  
 
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