The Basics Of Import And Export Conditions In Vietnam

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

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

The commonest entity for investors seeking to participate in import and export activities, and also participate in domestic distribution of products, is defined an investing company. It is deemed an inexpensive establishment option without having minimum capital contribution required.

However, in the event an importer would like to sell imported products to Vietnamese consumers, they should get an additional trading license have to be obtained to legalize the task. Starting a trading company takes approximately 90 days while acquiring a trading license usually takes one-three months.

n practice, companies which desire to import to Vietnam without establishing a local legal entity can utilize an importer of record to facilitate the process. This strategy allows foreign companies that have time constraints, wish to test the market industry, or only import once or twice to manage logistical, regulatory, and language barriers.

Certain goods do require companies to obtain 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 look at the quality, specifications, quantity, and volume of items. Of these, certain imported goods are susceptible to inspection.

As an example, imported pharmaceuticals must undergo testing and include documents detailing product use, dosage, and expiration dates (written in Vietnamese), which also needs to be incorporated into or on the presentation.

Customs documents needed in Vietnam
Businesses 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. Depending on the imports or exports showcased, 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 might be completed on the same day while import shipments typically take around 1-3 days to perform for full container loads (FCL) and much less than container loads (LCL), respectively.

Optimizing your customs experience
Vietnam’s customs procedures are complex and susceptible to change with practically no warning. For up-to-date information about clearance regulations, processing times, or looking for the priority program, it can be advised to refer to with government officials or perhaps a professional service firm that may slowly move the business with any cumbersome procedures and legalities.
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