A Guide To Import And Export Practices In Vietnam

Importing and exporting products can be quite a challenge for businesses in Vietnam. Vietnam Briefing outlines a broad step-by-step guide for import and export process in Vietnam. Additionally we examine registration, license permit requirements, customs procedures, and duties applied.

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

The most common entity for investors trying to embark on import and export activities, in addition to engage in domestic distribution of goods, is placed an investing company. It becomes an inexpensive establishment option without minimum capital contribution required.

However, in the event that an importer would want to sell imported products to Vietnamese consumers, they must ask for additional trading license have to be obtained to legalize the task. Starting a trading company takes approximately ninety days while getting a trading license usually takes one to three months.

n practice, companies that need to import to Vietnam without generating a local legal entity can utilize an importer of record to facilitate the task. This plan allows foreign firms that have enough time constraints, wish to test the marketplace, or only import a few times to manage logistical, regulatory, and language barriers.

Certain goods do require companies to acquire permits through the 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 susceptible to the Vietnam customs clearance standards, which effectively confirm the quality, specifications, quantity, and level of the products. Of these, certain imported backpacks are susceptible to inspection.

For instance, imported pharmaceuticals must undergo testing and can include documents detailing product use, dosage, and expiration dates (developed in Vietnamese), which must also be contained in or on the the labels.

Customs documents necessary in Vietnam

Firms that import or export goods must submit a dossier of documents, which includes at the very least the company’s business registration certificate and import/export business code registration certificate towards the customs authorities. With regards to the imports or exports involved, authorities may request the following 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 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 one-three days to perform for full container loads (FCL) and fewer than container loads (LCL), respectively.

Optimizing your customs experience

Vietnam’s customs procedures are complex and be subject to change with hardly any warning. For up-to-date info on clearance regulations, processing times, or trying to get the priority program, it is advised to consult with government officials or possibly a professional service firm that could slowly move the business with any cumbersome procedures and legalities.

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