Stable with slight increase due to demand in industrial applications
Special Rates
Preferential Rate under US-Viet Nam Trade Relations
0%
Applicable under bilateral trade agreements; requires Certificate of Origin (Form AI or self-certification under specific agreements)
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Increases Platinum Exports to Vietnam Amid Rising Demand
The United States reported a significant uptick in exports of platinum (HS Code: 7110) in unwrought or semi-manufactured forms to Vietnam, driven by growing industrial demand in electronics and automotive sectors.
October 15, 2023
Impact: This surge is likely to strengthen trade ties, with Vietnam becoming a key market for US platinum exports, potentially increasing bilateral trade value.
Vietnam Imposes New Quality Standards on Platinum Imports
Vietnam introduced stricter quality control measures for imported platinum products, including those from the US, to ensure compliance with industrial and environmental standards.
September 20, 2023
Impact: US exporters may face additional compliance costs and delays, potentially affecting the volume of platinum trade in the short term.
During recent bilateral trade discussions, both nations emphasized expanding cooperation in the platinum trade, with a focus on semi-manufactured forms for Vietnam’s manufacturing boom.
August 5, 2023
Impact: This could lead to more favorable trade agreements, boosting platinum exports from the US to Vietnam over the long term.
Policy Updates
Vietnam Updates Import Tariffs on Platinum Products
Vietnam revised its tariff structure for platinum under HS Code 7110, reducing duties by 2% to encourage imports for industrial use, effective from October 2023.
Date: October 1, 2023
US Extends Trade Compliance Monitoring for Platinum Exports
The US Department of Commerce announced enhanced monitoring of platinum exports to ensure adherence to international trade agreements, including shipments to Vietnam.
