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Importing and exporting products can be quite a challenge for businesses in Vietnam. Vietnam Briefing outlines a general step-by-step guide for import and export measures in Vietnam. In addition we take a look at registration, license permit requirements, customs procedures, and duties applied.

Vietnam doesn’t need an organization to get a separate import or export license to get familiar with import and export activities in the nation.

The most common entity for investors seeking to take part in import and export activities, along with engage in domestic distribution of items, is to establish a trading company. It becomes an inexpensive establishment option without minimum capital contribution required.

However, in the event that an importer would like to sell imported products to Vietnamese consumers, they must get the additional trading license have to be obtained to legalize the procedure. Establishing a trading company takes approximately 3 months while getting a trading license can take 1 to 3 months.

n practice, businesses that want to import to Vietnam without generating a local legal entity can utilize an importer of record to facilitate the method. This plan allows foreign companies that have the time constraints, wish to test the market industry, 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 into the quality, specifications, quantity, and amount of the goods. Among these, certain imported backpacks are be subject to inspection.

By way of example, imported pharmaceuticals must undergo testing and will include documents detailing product use, dosage, and expiration dates (written in Vietnamese), which must also be a part of or for the product packaging.

Customs documents required in Vietnam

Businesses that import or export goods must submit a dossier of documents, which include at the very least the company’s business registration certificate and import/export business code registration certificate towards the customs authorities. With respect to the imports or exports showcased, 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 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 same day while import shipments typically take around one-three days to perform 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 about clearance regulations, processing times, or obtaining the priority program, it can be advised to consult with government officials or perhaps a professional service firm that will move the business with any cumbersome procedures and legalities.

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