Vietnam: Eliminating regulations on calculating the rate of localization of car

Apolat Legal

31st August 2022

The Ministry of Science and Technology just issued Circular 11/2022/TT-BKHCN removing legal documents promulgated by the Minister of Science and Technology on the method of determining the localization rate of cars.

The Ministry of Science and Technology just issued Circular 11/2022/TT-BKHCN removing legal documents promulgated by the Minister of Science and Technology on the method of determining the localization rate of cars.

Specifically, Circular 11/2022/TT-BKHCN has abolished all three legal documents as follows:

Decision No. 28/2004/QD-BKHCN dated October 1^st, 2004 of the Minister of Science and Technology on the method of determining the localization rate of cars.

Decision No. 05/2005/QD-BKHCN dated May 11^th, 2005 of the Minister of Science and Technology on amending and supplementing Decision No. 28/2004/QD-BKHCN dated October 1^st, 2004 on the method of determining the localization rate of cars.

Circular No. 05/2012/TT-BKHCN dated March 12^th, 2012 of the Minister of Science and Technology amending and supplementing Article 1 of Decision No. 05/2005/QD-BKHCN dated May 11^th, 2005 on amending and supplementing Decision No. 28/2004/QD-BKHCN dated October 1^st, 2004 on the method of determining the localization rate of cars.

The removal of these regulations is in line with the development and change of the technological process of automobile production and assembly of enterprises in Vietnam and in the world to ensure transparency and reasonableness; does not cause administrative burden, ensure the convenience for state management in the field of investment and science and technology; ensure the treaties and free trade agreements between Vietnam and other countries.

This Circular takes effect from October 1^st, 2022.

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