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Importing and exporting products can be quite a challenge for businesses in Vietnam. Vietnam Briefing outlines a broad step-by-step guide for import and export process in Vietnam. We have a look at registration, license permit requirements, customs procedures, and duties applied.
Vietnam doesn't need an organization to possess a separate import or export license to engage in import and export activities in the united states.
The most typical entity for investors trying to engage in import and export activities, and also engage in domestic distribution of goods, is defined an investing company. It is deemed an inexpensive establishment option without any minimum capital contribution required.
However, in case an importer want to sell imported products to Vietnamese consumers, they have to get an additional trading license should be obtained to legalize the task. Establishing a trading company takes approximately ninety days while obtaining a trading license can take 1-3 months.
n practice, businesses that want to import to Vietnam without setting up a local legal entity can utilize an importer of record to facilitate the task. This strategy allows foreign businesses that have time constraints, would like to test the market industry, or only import once or twice to handle logistical, regulatory, and language barriers.
Certain goods require companies to get 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 at the mercy of the Vietnam customs clearance standards, which effectively check the quality, specifications, quantity, and level of the goods. Among these, certain imported merchandise is susceptible to inspection.
For example, imported pharmaceuticals must undergo testing you need to include documents detailing product use, dosage, and expiration dates (coded in Vietnamese), which also needs to be a part of or about the the labels.
Customs documents required by Vietnam
Companies that import or export goods must submit a dossier of documents, such as no less than the company’s business registration certificate and import/export business code registration certificate for the customs authorities. With regards to the imports or exports showcased, 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;

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