Importing and exporting products can be a challenge for businesses in Vietnam. Vietnam Briefing outlines a general step-by-step guide for import and export procedures in Vietnam. We look at registration, license permit requirements, customs procedures, and duties applied.
Vietnam does not need an organization to experience a separate import or export license to engage in import and export activities in the country.
The most typical entity for investors seeking to engage in import and export activities, as well as engage in domestic distribution of items, is to establish a trading company. It is really an inexpensive establishment option without having minimum capital contribution required.
However, in case an importer wish to sell imported products to Vietnamese consumers, they should ask for additional trading license has to be obtained to legalize the process. Establishing a trading company takes approximately 3 months while having a trading license will take one to three months.
n practice, firms that need to import to Vietnam without establishing a local legal entity can utilize an importer of record to facilitate the method. This strategy allows foreign businesses that have enough time constraints, desire to test the market industry, or only import a couple of times to manage logistical, regulatory, and language barriers.
Certain goods require companies to acquire permits from your 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 items. Of these, certain imported merchandise is be subject to inspection.
For instance, imported pharmaceuticals must undergo testing and will include documents detailing product use, dosage, and expiration dates (designed in Vietnamese), which must be contained in or about the presentation.
Customs documents required in Vietnam
Firms that import or export goods must submit a dossier of documents, which include a minimum of the company’s business registration certificate and import/export business code registration certificate on the customs authorities. Based on 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 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 could be completed on the day that while import shipments typically take around 1-3 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 subject to change with virtually no warning. For up-to-date facts about clearance regulations, processing times, or trying to get the priority program, it really is advised to refer to with government officials or perhaps a professional service firm that will guide the business with any cumbersome procedures and legalities.
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