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

Vietnam doesn’t require a business to experience a separate import or export license to take part in import and export activities in the united states.

The most frequent entity for investors seeking to take part in import and export activities, as well as participate in domestic distribution of merchandise, is placed an investing company. This is an inexpensive establishment option with no minimum capital contribution required.

However, in the event an importer wish to sell imported products to Vietnamese consumers, they have to ask for additional trading license has to be obtained to legalize the task. Starting a trading company takes approximately 90 days while having a trading license will take one-three months.

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

Certain goods require companies to obtain permits in 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 be subject to the Vietnam customs clearance standards, which effectively look at the quality, specifications, quantity, and number of the goods. Among these, certain imported items are at the mercy of inspection.

For example, imported pharmaceuticals must undergo testing you need to include documents detailing product use, dosage, and expiration dates (coded in Vietnamese), which must also be incorporated into or about the presentation.

Customs documents necessary in Vietnam

Businesses 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 on the customs authorities. With regards to the imports or exports showcased, authorities may request the subsequent 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 essential 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 to 3 days to finish for full container loads (FCL) and fewer than container loads (LCL), respectively.

Optimizing your customs experience

Vietnam’s customs procedures are complex and subject to change with little to no warning. For up-to-date facts about clearance regulations, processing times, or applying for the priority program, it’s 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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