A Guide To Import And Export Processes In Vietnam

Importing and exporting products is usually a challenge for businesses in Vietnam. Vietnam Briefing outlines a broad step-by-step guide for import and export procedures in Vietnam. Additionally we take a look at registration, license permit requirements, customs procedures, and duties applied.

Vietnam does not need a firm to have a separate import or export license to get familiar with import and export activities in the country.

The most typical entity for investors trying to engage in import and export activities, in addition to embark on domestic distribution of merchandise, is defined an investing company. It is really an inexpensive establishment option with no minimum capital contribution required.

However, in the event that an importer would like to sell imported products to Vietnamese consumers, they need to ask for additional trading license have to be obtained to legalize the process. Generating a trading company takes approximately ninety days while acquiring a trading license can take 1 to 3 months.

n practice, firms that need to import to Vietnam without starting a local legal entity can utilize an importer of record to facilitate the process. This plan allows foreign firms that have the time constraints, need to test the market industry, or only import a couple of times to manage logistical, regulatory, and language barriers.

Certain goods require companies to get permits from your government. In addition, 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 check the quality, specifications, quantity, and level of the products. Among these, certain imported merchandise is subject to inspection.

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

Customs documents needed in Vietnam
Companies which import or export goods must submit a dossier of documents, which includes at least the company’s business registration certificate and import/export business code registration certificate for the customs authorities. With regards to the imports or exports involved, authorities may request the subsequent additional documents:

Documents essential 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 needed for exporting goods include:

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

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

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

Optimizing your customs experience
Vietnam’s customs procedures are complex and subject to change with hardly any warning. For up-to-date facts about clearance regulations, processing times, or applying for the priority program, it can be advised to see with government officials or a professional service firm that can guide the business with any cumbersome procedures and legalities.
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Pub: 22 Jan 2024 06:34 UTC
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