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Importing and exporting products is usually a challenge for businesses in Vietnam. Vietnam Briefing outlines an over-all 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 need a business to possess a separate import or export license to take part in import and export activities in the united kingdom.

The commonest entity for investors trying to embark on import and export activities, in addition to take part in domestic distribution of goods, is to establish an investing company. It becomes an inexpensive establishment option without having minimum capital contribution required.

However, in case an importer want to sell imported products to Vietnamese consumers, they must get an additional trading license has to be obtained to legalize the method. Creating a trading company takes approximately three months while acquiring a trading license can take 1-3 months.

n practice, firms that desire to import to Vietnam without establishing a local legal entity can utilize an importer of record to facilitate the method. This course allows foreign firms that have the time constraints, wish to test the marketplace, or only import a few times to cope with logistical, regulatory, and language barriers.

Certain goods do require companies to obtain permits from 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 at the mercy of the Vietnam customs clearance standards, which effectively confirm the quality, specifications, quantity, and volume of items. Of these, certain imported goods are at the mercy of inspection.

For instance, imported pharmaceuticals must undergo testing and can include documents detailing product use, dosage, and expiration dates (designed in Vietnamese), which should also be a part of or around the presentation.

Customs documents needed in Vietnam

Companies which import or export goods must submit a dossier of documents, such as 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 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 can be completed on the day that while import shipments typically take around 1 to 3 days to perform for full container loads (FCL) much less than container loads (LCL), respectively.

Optimizing your customs experience

Vietnam’s customs procedures are complex and susceptible to change with hardly any warning. For up-to-date information about clearance regulations, processing times, or obtaining the priority program, it is advised to refer to with government officials or even a professional service firm that could slowly move the business with any cumbersome procedures and legalities.

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