- Vietnamese
- Hàm lượng giá trị khu vực
- English
- Regional value content
- Abbreviation
- RVC
- Synonyms
- hàm lượng giá trị, LVC, value content
Definition
The percentage of value originating in the FTA region within the FOB price of the product.
Explanation
May be calculated by build-up or build-down methods; a common threshold is 40%. Formula and threshold depend on the agreement and product-specific rule.
Example
RVC(40) means regional value content of not less than 40%.