Helpful Tips For Import And Export Techniques 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 process in Vietnam. We also have a look at registration, license permit requirements, customs procedures, and duties applied.

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

The most typical entity for investors seeking to participate in import and export activities, as well as take part in domestic distribution of merchandise, is defined an investing company. It is deemed an inexpensive establishment option without any minimum capital contribution required.

However, in the event an importer would like to sell imported products to Vietnamese consumers, they need to get an additional trading license should be obtained to legalize the method. Establishing a trading company takes approximately ninety days while obtaining a trading license usually takes one to three months.

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

Certain goods do require companies to have permits from your government. Additionally, 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 confirm the quality, specifications, quantity, and amount of goods. Among these, certain imported goods are at the mercy of inspection.

By way of example, imported pharmaceuticals must undergo testing you need to include documents detailing product use, dosage, and expiration dates (designed in Vietnamese), which also needs to be a part of or around the presentation.

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 towards the customs authorities. With respect to the imports or exports involved, authorities may request these additional documents:

Documents necessary 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;
Contract;
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 same day while import shipments typically take around 1-3 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 virtually no 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 even a professional service firm that can advice the business with any cumbersome procedures and legalities.
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Pub: 22 Jan 2024 06:44 UTC
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