Importing and exporting products is usually a challenge for businesses in Vietnam. Vietnam Briefing outlines an over-all step-by-step guide for import and export levels in Vietnam. In addition we examine registration, license permit requirements, customs procedures, and duties applied.
Vietnam does not require a firm to have a separate import or export license to get acquainted with import and export activities in the nation.
The most common entity for investors looking to take part in import and export activities, in addition to take part in domestic distribution of merchandise, is defined a trading company. It is deemed an inexpensive establishment option without having minimum capital contribution required.
However, in the event an importer want to sell imported products to Vietnamese consumers, they have to get the additional trading license has to be obtained to legalize the process. Establishing a trading company takes approximately three months while acquiring a trading license will take 1 to 3 months.
n practice, businesses that desire to import to Vietnam without setting up a local legal entity can utilize an importer of record to facilitate the task. This strategy allows foreign firms that have time constraints, desire to test the market, or only import once or twice to manage logistical, regulatory, and language barriers.
Certain goods require companies to acquire permits through 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 goods are at the mercy of inspection.
By way of example, imported pharmaceuticals must undergo testing and can include documents detailing product use, dosage, and expiration dates (coded in Vietnamese), which must also be included in or on the appearance.
Customs documents necessary in Vietnam
Companies which 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 towards the customs authorities. With respect to the imports or exports involved, authorities may request these additional documents:
Documents required 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 1-3 days to finish for full container loads (FCL) much less than container loads (LCL), respectively.
Optimizing your customs experience
Vietnam’s customs procedures are complex and subject to change with practically no warning. For up-to-date information on clearance regulations, processing times, or obtaining the priority program, it's advised to consult with government officials or even a professional service firm that could move the business with any cumbersome procedures and legalities.
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