Notes

Information On Import And Export Techniques In Vietnam




Importing and exporting products is usually a challenge for businesses in Vietnam. Vietnam Briefing outlines a general step-by-step guide for import and export process in Vietnam. We examine registration, license permit requirements, customs procedures, and duties applied.


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

The commonest entity for investors looking to take part in import and export activities, along with engage in domestic distribution of merchandise, is to establish an investing company. It is really an inexpensive establishment option without having minimum capital contribution required.

However, in the event that an importer would like to sell imported products to Vietnamese consumers, they have to obtain an additional trading license should be obtained to legalize the process. Creating a trading company takes approximately 3 months while having a trading license will take 1 to 3 months.

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

Certain goods do require companies to obtain permits through the 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 subject to the Vietnam customs clearance standards, which effectively check the quality, specifications, quantity, and number of the goods. Among these, certain imported items are susceptible to inspection.

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

Customs documents required in Vietnam
Businesses that import or export goods must submit a dossier of documents, including no less than the company’s business registration certificate and import/export business code registration certificate on the customs authorities. Depending on the imports or exports in question, authorities may request the next 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 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 could be completed on the day that while import shipments typically take around 1 to 3 days to accomplish for full container loads (FCL) and fewer than container loads (LCL), respectively.

Optimizing your customs experience
Vietnam’s customs procedures are complex and susceptible to change with hardly any warning. For up-to-date facts about clearance regulations, processing times, or trying to get the priority program, it can be advised to talk with government officials or even a professional service firm that can move the business with any cumbersome procedures and legalities.
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