Helpful Information For Import And Export Procedures In Vietnam

Importing and exporting products can be a challenge for businesses in Vietnam. Vietnam Briefing outlines an over-all step-by-step guide for import and export process in Vietnam. Additionally we have a look at registration, license permit requirements, customs procedures, and duties applied.

Vietnam doesn't require a company to get a separate import or export license to get familiar with import and export activities in the country.

The commonest entity for investors planning to participate in import and export activities, in addition to participate in domestic distribution of items, is placed an investing company. This is an inexpensive establishment option without minimum capital contribution required.

However, in the event an importer wish to sell imported products to Vietnamese consumers, they have to obtain an additional trading license have to be obtained to legalize the method. Creating a trading company takes approximately 90 days while getting a trading license will take one to three months.

n practice, businesses that wish to import to Vietnam without setting up a local legal entity can utilize an importer of record to facilitate the task. This strategy allows foreign businesses that have plenty of time constraints, would like to test the marketplace, or only import a couple of times to cope with logistical, regulatory, and language barriers.

Certain goods do require companies to have permits from your government. Moreover, petroleum oil is banned from exports while goods banned from imports include cigars, tobacco, petroleum oils, newspapers and journals, and aircraft.

Customs procedures
All goods imported or exported in Vietnam are be subject to the Vietnam customs clearance standards, which effectively look into the quality, specifications, quantity, and number of goods. Among these, certain imported merchandise is at the mercy of inspection.

For example, imported pharmaceuticals must undergo testing and include documents detailing product use, dosage, and expiration dates (designed in Vietnamese), which should also be incorporated into or about the the labels.

Customs documents needed in Vietnam
Businesses that import or export goods must submit a dossier of documents, which include at least the company’s business registration certificate and import/export business code registration certificate on the customs authorities. Depending on the imports or exports under consideration, authorities may request the subsequent additional documents:

Documents needed for importing goods include:

Bill of lading;
Import goods declaration form;
Import permit (for restricted goods);
Certificate of origin;
Cargo release order;
Commercial invoice;
Customs import declaration form;
Inspection report;
Packing list;
Delivery Order (for goods imported through seaports);
Technical standard/health certificate; and
Terminal handling receipts.
The documents required for exporting goods include:

Electronic Export Customs Declaration (E-Form HQ/2015/XK);

Bill of lading;
Certificate of origin;
Commercial invoice;
Customs export declaration form;
Export Permit;
Packing list; and
Technical standard/health certificate.

Export shipments could be completed on the day that while import shipments typically take around 1-3 days to perform for full container loads (FCL) and less than container loads (LCL), respectively.

Optimizing your customs experience
Vietnam’s customs procedures are complex and at the mercy of change with practically no warning. For up-to-date information on clearance regulations, processing times, or looking for the priority program, it's advised to see with government officials or a professional service firm that could advice the business with any cumbersome procedures and legalities.
For details about customs clearance in vietnam have a look at this useful site

Pub: 22 Jan 2024 06:50 UTC
Views: 113