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Global Tariffs, Categorized

🇺🇸 United States
🇻🇳 Viet Nam
📦 Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included
🇺🇸 🇻🇳

United States to Viet Nam Trade Analysis for Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included

Detailed tariff information for Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included imports

Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included Tariff Rate

HS Code:

0%
Effective January 1, 2018

Trade Volume

Value
Approximately USD 1.2 billion
Year
2022
Trend
Increasing due to growing demand for tech hardware in Vietnam

Special Rates

Preferential Rate under CPTPP
0%
Applicable to goods originating from the United States under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), with proper Certificate of Origin.
Preferential Rate under VKFTA
0%
Applicable under the Vietnam-Korea Free Trade Agreement if specific rules of origin are met, though primarily relevant for Korean goods.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
U.S.-Vietnam Tech Trade Boost with New Semiconductor Investments
Recent investments by U.S. companies in Vietnam's semiconductor industry, including automatic data processing machines and units, are set to increase bilateral trade. Major tech firms are expanding production facilities in Vietnam to diversify supply chains.
2023-09-15
Impact: This development is expected to significantly increase exports of HS Code 8471 products from Vietnam to the U.S., strengthening economic ties and reducing dependency on other regional suppliers.
Vietnam Emerges as Key Supplier of Data Processing Equipment to U.S.
Vietnam has become a critical hub for manufacturing automatic data processing machines and magnetic/optical readers, with exports to the U.S. rising by 15% in the first half of 2023, driven by competitive labor costs and favorable trade agreements.
2023-08-22
Impact: The surge in exports is likely to solidify Vietnam's position as a major supplier to the U.S. market for tech hardware under HS Code 8471, potentially impacting trade dynamics with other Asian countries.
U.S. Tech Firms Shift Production of Processing Units to Vietnam
Amid geopolitical tensions, several U.S. tech giants have relocated production of data processing machines and related units to Vietnam, citing lower operational costs and proximity to other Asian markets.
2023-07-10
Impact: This shift is anticipated to boost U.S. imports of HS Code 8471 products from Vietnam, while possibly reducing reliance on traditional manufacturing hubs like China.
Policy Updates
U.S.-Vietnam Trade Agreement on Tech Goods
A new bilateral agreement between the U.S. and Vietnam aims to reduce tariffs on tech products, including automatic data processing machines and units thereof (HS Code 8471). The policy is designed to encourage investment and streamline customs processes for these goods.
Date: 2023-06-05
Vietnam Updates Export Incentives for Tech Manufacturing
Vietnam has introduced tax incentives and subsidies for manufacturers of data processing equipment and related machinery under HS Code 8471, aiming to attract more foreign direct investment and boost exports to markets like the U.S.
Date: 2023-05-20