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

Vietnam doesn’t require an organization to experience a separate import or export license to get familiar with import and export activities in the country.

The most typical entity for investors seeking to embark on import and export activities, along with engage in domestic distribution of goods, is defined an investing company. It is really an inexpensive establishment option without any minimum capital contribution required.

However, in case an importer would like to sell imported products to Vietnamese consumers, they need to get an additional trading license must be obtained to legalize the procedure. Establishing a trading company takes approximately three months while getting a trading license will take one-three months.

n practice, firms that want to import to Vietnam without starting a local legal entity can utilize an importer of record to facilitate the method. This course allows foreign businesses that have plenty of time constraints, need to test the market industry, or only import once or twice to handle logistical, regulatory, and language barriers.

Certain goods require companies to obtain 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 subject to the Vietnam customs clearance standards, which effectively check the quality, specifications, quantity, and amount of goods. Among these, certain imported merchandise is subject to inspection.

As an example, imported pharmaceuticals must undergo testing and will include documents detailing product use, dosage, and expiration dates (developed in Vietnamese), which must also be included in or about the presentation.

Customs documents required by Vietnam

Companies that import or export goods must submit a dossier of documents, including at the very least the company’s business registration certificate and import/export business code registration certificate to the customs authorities. Depending on the imports or exports showcased, authorities may request the subsequent additional documents:

Documents necessary 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 day that while import shipments typically take around 1-3 days to complete 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 hardly any warning. For up-to-date info on clearance regulations, processing times, or applying for the priority program, it really is advised to refer to with government officials or perhaps a professional service firm that could move the business with any cumbersome procedures and legalities.

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