'Vietnam's tax is much lower than the 90% calculated by the US'
The US says that Vietnam's import tax rate is up to 90%, but representatives of the Ministry of Finance confirm that "the actual average tax rate is only about 9.4%."
The countervailing import tax imposed by the US on more than 180 trade partners ranges from 10-50%. Vietnam is among the countries subject to the highest tax rates, with a rate of 46%. This tax level is set to "counter" the import tax that Vietnam applies to goods from the US, which is about 90%, according to the calculations of that country.