Notes

Strategies For Import And Export Procedures 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 does not need an organization to get a separate import or export license to take part in import and export activities in the country.

The commonest entity for investors planning to engage in import and export activities, as well as engage in domestic distribution of products, is to establish a trading company. It is really an inexpensive establishment option with no minimum capital contribution required.

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

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

Certain goods require companies to obtain permits from 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 at the mercy of the Vietnam customs clearance standards, which effectively look into the quality, specifications, quantity, and amount of items. Among these, certain imported goods are be subject to inspection.

For instance, 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 on the appearance.

Customs documents needed in Vietnam
Companies which 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 towards the customs authorities. Based on the imports or exports involved, authorities may request the next 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 necessary 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 one to three 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 at the mercy of change with practically no warning. For up-to-date information on clearance regulations, processing times, or applying for the priority program, it can be advised to refer to with government officials or perhaps a professional service firm that can move the business with any cumbersome procedures and legalities.
For more info about vietnam customs check out this popular website

My Website: https://bookmarkspot.win/story.php?title=customs-clearance-in-vietnam-9#discuss