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

Vietnam doesn’t require a company to experience a separate import or export license to get acquainted with import and export activities in the united kingdom.

The most frequent entity for investors planning to engage in import and export activities, along with participate in domestic distribution of goods, is placed a trading company. It is deemed an inexpensive establishment option without any minimum capital contribution required.

However, just in case an importer would like to sell imported products to Vietnamese consumers, they have to get the additional trading license should be obtained to legalize the process. Generating a trading company takes approximately 90 days while getting a trading license will take 1 to 3 months.

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

Certain goods do require companies to have permits from 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 look at the quality, specifications, quantity, and amount of the products. Among these, certain imported backpacks are susceptible to inspection.

As an example, imported pharmaceuticals must undergo testing you need to include documents detailing product use, dosage, and expiration dates (written in Vietnamese), which should also be a part of or around the product packaging.

Customs documents needed in 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 for the customs authorities. Depending on the imports or exports in question, authorities may request the following additional documents:

Documents essential 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 can be completed on the same day while import shipments typically take around one to three days to finish for full container loads (FCL) and much less than container loads (LCL), respectively.

Optimizing your customs experience

Vietnam’s customs procedures are complex and at the mercy of change with hardly any warning. For up-to-date information on clearance regulations, processing times, or obtaining the priority program, it really is advised to refer to with government officials or a professional service firm that may advice the business with any cumbersome procedures and legalities.

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