Helpful Information For Import And Export Processes In Vietnam

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

Vietnam does not need a company to possess a separate import or export license to get familiar with import and export activities in the nation.

The commonest entity for investors planning to participate in import and export activities, as well as take part in domestic distribution of goods, is defined a trading company. It is really an inexpensive establishment option without minimum capital contribution required.

However, in case an importer would like to sell imported products to Vietnamese consumers, they need to get the additional trading license have to be obtained to legalize the task. Starting a trading company takes approximately 3 months while having a trading license may take one to three months.

n practice, companies which wish to import to Vietnam without setting up a local legal entity can utilize an importer of record to facilitate the procedure. This course allows foreign firms that have time constraints, desire to test the marketplace, or only import a couple of times to manage logistical, regulatory, and language barriers.

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

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

Customs documents needed in Vietnam
Companies that import or export goods must submit a dossier of documents, which includes a minimum of the company’s business registration certificate and import/export business code registration certificate for the customs authorities. Based on the imports or exports under consideration, 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 essential 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 same day 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 be subject to change with virtually no warning. For up-to-date facts about clearance regulations, processing times, or obtaining the priority program, it's advised to refer to with government officials or a professional service firm that could slowly move the business with any cumbersome procedures and legalities.
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