Importing and exporting products is usually a challenge for businesses in Vietnam. Vietnam Briefing outlines a broad step-by-step guide for import and export procedures in Vietnam. Additionally we examine registration, license permit requirements, customs procedures, and duties applied.
Vietnam doesn't need an organization to get a separate import or export license to take part in import and export activities in the united kingdom.
The commonest entity for investors trying to take part in import and export activities, in addition to embark on domestic distribution of products, is placed an investing company. This is an inexpensive establishment option without any minimum capital contribution required.
However, just in case an importer would like to sell imported products to Vietnamese consumers, they have to get the additional trading license must be obtained to legalize the procedure. Creating a trading company takes approximately 3 months while having a trading license usually takes one to three months.
n practice, firms that need to import to Vietnam without starting a local legal entity can utilize an importer of record to facilitate the procedure. This plan allows foreign firms that have enough time constraints, wish to test the market, or only import several times to deal with logistical, regulatory, and language barriers.
Certain goods require companies to have permits through 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 confirm the quality, specifications, quantity, and level of goods. Among these, certain imported items are subject to inspection.
For instance, imported pharmaceuticals must undergo testing and will include documents detailing product use, dosage, and expiration dates (developed in Vietnamese), which should also be contained in or around the the labels.
Customs documents needed in Vietnam
Firms that import or export goods must submit a dossier of documents, including at least the company’s business registration certificate and import/export business code registration certificate on the customs authorities. With regards to the imports or exports in question, authorities may request the subsequent 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 one-three days to perform for full container loads (FCL) and much less than container loads (LCL), respectively.
Optimizing your customs experience
Vietnam’s customs procedures are complex and subject to change with hardly any 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 a professional service firm that may move the business with any cumbersome procedures and legalities.
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