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 measures in Vietnam. We have a look at registration, license permit requirements, customs procedures, and duties applied.
Vietnam does not need a company to experience a separate import or export license to engage in import and export activities in the united kingdom.
The commonest entity for investors trying to participate in import and export activities, and also participate in domestic distribution of items, is to establish an investing company. It becomes an inexpensive establishment option without any minimum capital contribution required.
However, in the event that an importer wish to sell imported products to Vietnamese consumers, they have to get an additional trading license should be obtained to legalize the process. Starting a trading company takes approximately ninety days while getting a trading license will take 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 strategy allows foreign businesses that have enough time constraints, desire to test the market, or only import a few times to handle logistical, regulatory, and language barriers.
Certain goods require companies to obtain permits in 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 look at the quality, specifications, quantity, and number of the products. Of these, certain imported backpacks are subject to inspection.
For example, imported pharmaceuticals must undergo testing and include documents detailing product use, dosage, and expiration dates (written in Vietnamese), which also needs to be incorporated into or on the appearance.
Customs documents required by Vietnam
Firms that import or export goods must submit a dossier of documents, which includes no less than the company’s business registration certificate and import/export business code registration certificate on the customs authorities. With respect to the imports or exports showcased, authorities may request the subsequent 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 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 day that while import shipments typically take around 1-3 days to complete 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 virtually no warning. For up-to-date info on clearance regulations, processing times, or obtaining the priority program, it's advised to see with government officials or possibly a professional service firm that may guide the business with any cumbersome procedures and legalities.
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