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Importing and exporting products is usually a challenge for businesses in Vietnam. Vietnam Briefing outlines a general step-by-step guide for import and export measures in Vietnam. In addition we take a look at registration, license permit requirements, customs procedures, and duties applied.

Vietnam does not require a company to possess a separate import or export license to engage in import and export activities in the nation.

The most common entity for investors seeking to participate in import and export activities, and also participate in domestic distribution of items, is defined a trading company. It is deemed an inexpensive establishment option without minimum capital contribution required.

However, in case an importer wish to sell imported products to Vietnamese consumers, they have to ask for additional trading license must be obtained to legalize the method. Creating a trading company takes approximately 90 days while getting a trading license may take 1 to 3 months.

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

Certain goods require companies to obtain permits through the government. Furthermore, 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 look at the quality, specifications, quantity, and volume of goods. Among these, certain imported merchandise is subject to inspection.

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

Customs documents required in Vietnam

Companies that import or export goods must submit a dossier of documents, such as 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 involved, 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 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 could be completed on the same day while import shipments typically take around 1 to 3 days to accomplish for full container loads (FCL) much less than container loads (LCL), respectively.

Optimizing your customs experience

Vietnam’s customs procedures are complex and susceptible to change with hardly any warning. For up-to-date facts about clearance regulations, processing times, or obtaining the priority program, it can be advised to see with government officials or perhaps a professional service firm that will guide the business with any cumbersome procedures and legalities.

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