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 measures in Vietnam. We take a look at registration, license permit requirements, customs procedures, and duties applied.

Vietnam doesn't need a business to experience a separate import or export license to get familiar with import and export activities in the united kingdom.

The most common entity for investors seeking to engage in import and export activities, along with embark on domestic distribution of goods, is to establish an investing company. It is deemed an inexpensive establishment option with no minimum capital contribution required.

However, in case an importer wish to sell imported products to Vietnamese consumers, they need to get the additional trading license has to be obtained to legalize the task. Generating a trading company takes approximately ninety days while obtaining a trading license may take 1-3 months.

n practice, companies which want to import to Vietnam without generating a local legal entity can utilize an importer of record to facilitate the task. This tactic allows foreign businesses that have plenty of 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 do require companies to obtain 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 be subject to the Vietnam customs clearance standards, which effectively confirm the quality, specifications, quantity, and level of the goods. Of these, certain imported merchandise is susceptible to inspection.

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

Customs documents needed in Vietnam
Companies which import or export goods must submit a dossier of documents, which includes a minimum of the companys business registration certificate and import/export business code registration certificate to the customs authorities. Based on the imports or exports under consideration, authorities may request these 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 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 might be completed on the same day while import shipments typically take around one-three days to perform for full container loads (FCL) and much less than container loads (LCL), respectively.

Optimizing your customs experience
Vietnams customs procedures are complex and susceptible to change with hardly any warning. For up-to-date information on clearance regulations, processing times, or applying for the priority program, it is advised to see with government officials or perhaps a professional service firm that will advice the business with any cumbersome procedures and legalities.
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