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 measures in Vietnam. In addition we have a look at registration, license permit requirements, customs procedures, and duties applied.
Vietnam does not require a firm to get a separate import or export license to get acquainted with import and export activities in the united kingdom.
The most frequent entity for investors looking to participate in import and export activities, and also participate in domestic distribution of goods, is placed an investing company. This is an inexpensive establishment option without having 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 has to be obtained to legalize the process. Creating a trading company takes approximately 90 days while obtaining a trading license can take 1 to 3 months.
n practice, firms that wish to import to Vietnam without starting a local legal entity can utilize an importer of record to facilitate the process. This plan allows foreign companies that have the time constraints, would like to test the marketplace, or only import a couple of times to handle logistical, regulatory, and language barriers.
Certain goods do require companies to obtain permits in the government. In addition, 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 level of goods. Of these, certain imported merchandise is at the mercy of inspection.
For example, imported pharmaceuticals must undergo testing and can include documents detailing product use, dosage, and expiration dates (developed in Vietnamese), which must be contained in or about the presentation.
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 towards the customs authorities. With respect to the imports or exports under consideration, authorities may request the next 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 needed 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 same day 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 susceptible to change with practically no warning. For up-to-date information on clearance regulations, processing times, or applying for the priority program, it really 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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