Activity

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 levels in Vietnam. We also have a look at registration, license permit requirements, customs procedures, and duties applied.

Vietnam does not require a company to possess a separate import or export license to take part in import and export activities in the country.

The most frequent entity for investors planning to engage in import and export activities, in addition to engage in domestic distribution of merchandise, is to establish an investing company. It is really an inexpensive establishment option without minimum capital contribution required.

However, in the event that an importer want to sell imported products to Vietnamese consumers, they have to ask for additional trading license should be obtained to legalize the process. Establishing a trading company takes approximately ninety days while getting a trading license usually takes 1 to 3 months.

n practice, companies which desire to import to Vietnam without generating a local legal entity can utilize an importer of record to facilitate the process. This strategy 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 obtain permits in the government. In addition, 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 at the quality, specifications, quantity, and number of goods. Of these, certain imported goods are susceptible to inspection.

As an example, imported pharmaceuticals must undergo testing you need to include documents detailing product use, dosage, and expiration dates (developed in Vietnamese), which should also be contained in or about the presentation.

Customs documents necessary in Vietnam

Firms that import or export goods must submit a dossier of documents, such as a minimum of the company’s business registration certificate and import/export business code registration certificate for the customs authorities. With respect to the imports or exports in question, 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 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 can be completed on the same day while import shipments typically take around 1-3 days to finish 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 hardly any warning. For up-to-date info on clearance regulations, processing times, or applying for the priority program, it can be advised to talk with government officials or a professional service firm that may move the business with any cumbersome procedures and legalities.

Check out about vietnam customs have a look at this useful web site