Helpful Tips For Import And Export Procedures In Vietnam

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

Vietnam does not require a firm to get a separate import or export license to get familiar with import and export activities in the united states.

The most frequent entity for investors seeking to embark on import and export activities, in addition to take part in domestic distribution of goods, is defined a trading company. It becomes an inexpensive establishment option without any minimum capital contribution required.

However, in the event that an importer want to sell imported products to Vietnamese consumers, they must obtain an additional trading license have to be obtained to legalize the task. Starting a trading company takes approximately 90 days while obtaining a trading license may take one-three months.

n practice, companies that wish to import to Vietnam without starting a local legal entity can utilize an importer of record to facilitate the method. This strategy allows foreign businesses that have time constraints, wish to test the marketplace, or only import several times to deal with logistical, regulatory, and language barriers.

Certain goods require companies to acquire permits in the 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 at the mercy of the Vietnam customs clearance standards, which effectively confirm the quality, specifications, quantity, and level of the products. Among these, certain imported items are subject to inspection.

By way of example, imported pharmaceuticals must undergo testing and include documents detailing product use, dosage, and expiration dates (designed in Vietnamese), which must also be included in or around the product packaging.

Customs documents necessary in Vietnam

Businesses that import or export goods must submit a dossier of documents, including a minimum of the company’s business registration certificate and import/export business code registration certificate on the customs authorities. Based on the imports or exports in question, authorities may request the next additional documents:

Documents required 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 might be completed on the day that while import shipments typically take around 1-3 days to complete for full container loads (FCL) and much 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 information on clearance regulations, processing times, or applying for the priority program, it is advised to see with government officials or possibly a professional service firm that could move the business with any cumbersome procedures and legalities.

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