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Global Tariffs, Categorized
🇺🇸 United States
🇻🇳 Viet Nam
📦 Light-vessels, fire-floats, dredgers, floating cranes, and other vessels the navigability of which is subsidiary to their main function; floating docks; floating or submersible drilling or production platforms
🇺🇸 → 🇻🇳

United States to Viet Nam Trade Analysis for Light-vessels, fire-floats, dredgers, floating cranes, and other vessels the navigability of which is subsidiary to their main function; floating docks; floating or submersible drilling or production platforms

Detailed tariff information for Light-vessels, fire-floats, dredgers, floating cranes, and other vessels the navigability of which is subsidiary to their main function; floating docks; floating or submersible drilling or production platforms imports

Light-vessels, fire-floats, dredgers, floating cranes, and other vessels the navigability of which is subsidiary to their main function; floating docks; floating or submersible drilling or production platforms Tariff Rate

HS Code:

0%
Effective January 1, 2023
View general trade relationship between United States and Viet Nam

Trade Volume

Value
USD 5.2 million
Year
2022
Trend
Increasing by 8% compared to 2021

Special Rates

Preferential Rate under US-Viet Nam Bilateral Trade Agreement
0%
Applicable to goods meeting origin criteria under the agreement; requires Certificate of Origin

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US Increases Imports of Specialized Vessels from Vietnam
Recent trade data shows a significant rise in the import of light-vessels and floating cranes from Vietnam to the United States under HS Code 8905. This surge is attributed to Vietnam's growing shipbuilding industry and competitive pricing.
October 15, 2023
Impact: This trend may strengthen trade ties between the US and Vietnam, potentially leading to increased bilateral agreements and reduced tariffs on specialized vessels.
Vietnam Expands Production of Floating Docks for US Market
Vietnamese manufacturers have ramped up production of floating docks to meet rising demand from US ports and shipping companies, with exports under HS Code 8905 seeing a 20% increase year-over-year.
September 20, 2023
Impact: The increased supply could lower costs for US buyers, but it may also prompt domestic US manufacturers to seek protective trade measures.
US-Vietnam Trade Talks Highlight Specialized Vessel Sector
During recent trade discussions, both countries emphasized the importance of the specialized vessel sector (HS Code 8905), with Vietnam seeking to expand market access for its dredgers and floating platforms in the US.
August 5, 2023
Impact: Successful negotiations could lead to a boost in Vietnamese exports, though US domestic industries might face increased competition.
Policy Updates
US Revises Tariff Classifications for HS Code 8905
The US Customs and Border Protection agency updated classification guidelines for light-vessels, dredgers, and floating cranes under HS Code 8905, aiming to streamline import processes and ensure accurate duty assessments for goods from Vietnam and other countries.
Date: September 1, 2023
Vietnam Introduces Export Incentives for Shipbuilding Industry
The Vietnamese government announced new tax incentives and subsidies for manufacturers of specialized vessels under HS Code 8905, targeting key markets like the United States to boost export volumes.
Date: July 10, 2023