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Importing and exporting products can be quite a challenge for businesses in Vietnam. Vietnam Briefing outlines a general step-by-step guide for import and export levels in Vietnam. In addition we have a look at registration, license permit requirements, customs procedures, and duties applied.

Vietnam doesn’t need a company to get a separate import or export license to get familiar with import and export activities in the nation.

The commonest entity for investors seeking to embark on import and export activities, as well as take part in domestic distribution of merchandise, is defined a trading company. It is really an inexpensive establishment option without having minimum capital contribution required.

However, in the event that an importer want to sell imported products to Vietnamese consumers, they have to get the additional trading license should be obtained to legalize the method. Generating a trading company takes approximately ninety days while having a trading license will take 1-3 months.

n practice, companies that wish to import to Vietnam without establishing a local legal entity can utilize an importer of record to facilitate the method. This strategy allows foreign businesses that have the time constraints, would like to test the market industry, or only import a couple of times to cope with logistical, regulatory, and language barriers.

Certain goods require companies to get permits through 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 at the mercy of the Vietnam customs clearance standards, which effectively check the quality, specifications, quantity, and number of goods. Among these, certain imported backpacks are subject to inspection.

For example, imported pharmaceuticals must undergo testing and will include documents detailing product use, dosage, and expiration dates (developed in Vietnamese), which should also be contained in or on the the labels.

Customs documents required in Vietnam

Firms that import or export goods must submit a dossier of documents, which includes at the very least the company’s business registration certificate and import/export business code registration certificate on the customs authorities. With respect to the imports or exports under consideration, authorities may request the following 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 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 one to three days to perform for full container loads (FCL) and much less than container loads (LCL), respectively.

Optimizing your customs experience

Vietnam’s customs procedures are complex and susceptible to change with virtually no warning. For up-to-date facts about clearance regulations, processing times, or trying to get the priority program, it is advised to talk with government officials or a professional service firm that will slowly move the business with any cumbersome procedures and legalities.

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