In an era where international trade dynamics are rapidly evolving, the European Union-Vietnam Free Trade Agreement (EVFTA) has emerged as a critical catalyst in transforming the apparel industry. As we move towards 2024, it’s essential to understand the strategic reductions in ‘import tax Vietnam to EU’ and ‘import duty Vietnam to EU’ under EVFTA, particularly for specific Harmonized System (HS) codes.

The year 2024 marks a significant milestone under the EVFTA. Starting from 2nd August 2024, the import tax for cut and sewn knitwear with a Certificate of Origin EUR1 will be reduced to 2%. This reduction is part of a phased approach, benefitting a range of HS-coded apparel products and enhancing their competitiveness in the EU market.

Looking further ahead, starting from 2nd August 2025, cut and sewn knitwear carrying a Certificate of Origin EUR1 will enjoy 0% import tax. This move is not just a win for Vietnamese apparel exporters but also for EU importers and consumers, who will have access to high-quality products at more affordable prices.

As thriving family_owned cut & sew knitwear manufactorer in Vietnam apparel industry, Thai Son is actively preparing for these changes. We are aligning our production and export strategies to ensure that our products not only meet but exceed the quality expectations in the EU market, leveraging the reduced ‘import tax Vietnam to EU’ and ‘import duty Vietnam to EU’.

The EVFTA presents a remarkable opportunity for growth and expansion. We invite our partners and clients to join us in harnessing the potential unleashed by these upcoming tax reductions. Together, let’s navigate this new era of apparel trade, optimizing our strategies to make the most of the EVFTA benefits.