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

Vietnam does not require an organization to experience a separate import or export license to get acquainted with import and export activities in the united states.

The most typical entity for investors planning to engage in import and export activities, along with take part in domestic distribution of goods, is placed a trading company. It becomes 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 should ask for additional trading license have to be obtained to legalize the process. Creating a trading company takes approximately ninety days while getting a trading license will take 1-3 months.

n practice, businesses that want to import to Vietnam without starting a local legal entity can utilize an importer of record to facilitate the procedure. This course allows foreign firms that have the time constraints, desire to test industry, or only import a couple of times to deal with logistical, regulatory, and language barriers.

Certain goods do require companies to acquire 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 confirm the quality, specifications, quantity, and number of goods. Of these, certain imported merchandise is at the mercy of inspection.

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

Customs documents required in Vietnam

Firms that import or export goods must submit a dossier of documents, including at least the company’s business registration certificate and import/export business code registration certificate to the customs authorities. Depending on the imports or exports in question, authorities may request the following 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 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 may be completed on the day that while import shipments typically take around one to three 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 be subject to change with hardly any warning. For up-to-date information on clearance regulations, processing times, or looking for the priority program, it’s advised to refer to with government officials or a professional service firm that can slowly move the business with any cumbersome procedures and legalities.

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