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 measures in Vietnam. We also have a look at registration, license permit requirements, customs procedures, and duties applied.

Vietnam doesn’t require a company to possess a separate import or export license to engage in import and export activities in the united kingdom.

The commonest entity for investors looking to engage in import and export activities, as well as take part in domestic distribution of merchandise, is placed an investing company. It is deemed an inexpensive establishment option without minimum capital contribution required.

However, in the event that an importer wish to sell imported products to Vietnamese consumers, they need to get an additional trading license has to be obtained to legalize the method. Establishing a trading company takes approximately 90 days while having a trading license usually takes 1-3 months.

n practice, companies which want to import to Vietnam without starting a local legal entity can utilize an importer of record to facilitate the method. This plan allows foreign companies that have time constraints, need to test the market industry, or only import a few times to handle logistical, regulatory, and language barriers.

Certain goods do require companies to have permits in the government. Additionally, 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 be subject to the Vietnam customs clearance standards, which effectively confirm the quality, specifications, quantity, and volume of items. Of these, certain imported goods are susceptible to inspection.

By way of example, imported pharmaceuticals must undergo testing and include documents detailing product use, dosage, and expiration dates (developed in Vietnamese), which should also be a part of or on the the labels.

Customs documents necessary in Vietnam

Firms that import or export goods must submit a dossier of documents, including a minimum of the company’s business registration certificate and import/export business code registration certificate for the customs authorities. With respect to the imports or exports in question, authorities may request these 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 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 might be completed on the day that while import shipments typically take around 1 to 3 days to perform for full container loads (FCL) much less than container loads (LCL), respectively.

Optimizing your customs experience

Vietnam’s customs procedures are complex and be subject to change with practically no warning. For up-to-date info on clearance regulations, processing times, or applying for the priority program, it is advised to talk with government officials or possibly a professional service firm that could move the business with any cumbersome procedures and legalities.

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