Export from Vietnam

Vietnam has a developing planned economy and market economy. Vietnam has become a leading agricultural exporter and served as an attractive destination for foreign investment in Southeast Asia. In a similar fashion to other Communist countries after the end of the Cold War the planned economy of Vietnam lost the momentum for productivity and sustainable growth. In the current period the economy of Vietnam relies largely on foreign direct investment to attract the capital from overseas to support its continual economic rigorousness.

Manufacturing, information technology and high-tech industries now form a large and fast-growing part of the national economy. Though Vietnam is a relative newcomer to the oil industry, it is currently the third-largest oil producer in Southeast Asia.

Mobile phones and their parts were both imported and exported in large numbers, while in the natural resources market, crude oil was a top-ranking export and high levels of iron and steel were imported during this period. 

As a result of several land reform measures, Vietnam has become a major exporter of agricultural products. It is now the world's largest producer of cashew nuts, with a one-third global share; the largest producer of black pepper, accounting for one-third of the world's market; and the second-largest rice exporter in the world, after Thailand. Vietnam is the world's second largest exporter of coffee. Other primary Vietnamese exports include tea, rubber, and fishery products. 

In the last 5 years, Vietnam's exports have doubled as competitive minimum wage and low costs of utilities boosted foreign direct investment. Vietnam main exports are clothing and footwear, machinery, transports and equipment. Other exports of Vietnam include food, live animals, manufactured goods and fuel.

Main export partners of Vietnam are the United States, Japan, China, South Korea, Malaysia and Germany.

Import to Vietnam

Vietnam has been, for much of its history, a predominantly agricultural civilization based on wet rice cultivation. There is also an industry for Bauxite mining in Vietnam, an important material for the production of aluminum. However, the Vietnam War destroyed much of the country's agrarian economy, leading the post-war government to implement a planned economy to revitalize agriculture and industrialize the nation. 

Vietnamese authorities have reaffirmed their commitment to economic modernization and a more open economy. Vietnam joined the World Trade Organization in January 2007, which has promoted more competitive, export-driven industries. Vietnam joined the 12-nation Trans-Pacific Partnership free trade agreement negotiations in 2010.

In 2014 the country negotiated a free trade agreement with the European Union which would give it access to the EU's Generalized System of Preferences, which provides preferential access to European markets for developing countries through reduced tariffs.

Vietnam main imports are machinery, transports and equipment, telephones, integrated circuits, iron, fabrics and manufactured goods. Other imports of Vietnam include chemicals, fuels, food and crude materials.

Main import partners of Vietnam are China, Korea, Japan, Taiwan, Thailand and Singapore.

Shop Construction Materials with Export Portal

If you are working in the construction industry, having access to high-quality building materials is essential. And there is no better place to find such products than at Export Portal's Construction Materials and Engineering Department. Whether you are looking for flooring and decoration materials or attic vents, we have got it all!

Our collection includes various items, like bricks and tiles, building stones, ceiling items, cement products, decoration materials, floor items, kitchen system equipment materials, marble and stone products, paints and surface coating, roof materials, sauna bath equipment, wall coverings, wood items, and lights. Bricks are especially important for construction workers since they are used as building materials for walls and pavements. Thus, we carry high-quality fired bricks in various types: extruded, wire cut, molded, handmade, perforated, chemically resistant, and ceramic glazed.

Our cement items are also great and are known for their compressive strength and durability. We carry non-hydraulic cement, hydraulic cement, white cement, low-carbon cement, pavers, hollow blocks, divider blocks, covering blocks, latticework, cement fencing poles, gravel, fly ash bricks, and pipes. 

We also offer ceiling tiles, planks, and panels on our Ceiling Items Section. Plumbing products such as water heaters, toilet parts, food disposers are some of our popular items as well, along with natural stone tiles like slate tiles, pavers, crystalline stone, granite tiles, marble tiles, and tumbled tiles. We also have stepladders, multiple ladders, extension ladders, and telescoping ladders to satisfy all your ladder needs!

There is No Better Place to Shop 

With our wide selection of construction materials for sale, we can assure you that Export Portal is the best marketplace for all avid online shoppers. We work to provide you with only the best and take your shopping experience to the next level. So what are you waiting for? Visit our site today!

Customs requirements of Vietnam

Vietnam Customs Contacts

General Department of Vietnam Customs 

Website: http://www.customs.gov.vn/Home.aspx?language=en-US

Email: webmaster@customs.gov.vn 

Address: Block E3 - Duong Dinh Nghe street, Yen Hoa, Cau Giay, Hanoi, Vietnam 

Phone: (+844) 39440833 (ext: 8623)

Vietnam is the easternmost country situated on the Indochina Peninsula in Southeast Asia, bordered by China, Laos, Cambodia and Malaysia across the South China Sea. Vietnam is a member of the Asia-Pacific Economic Cooperation (APEC), Association of Southeast Asian Nations (ASEAN), International Monetary Fund (IMF), World Customs Organization, World Trade Organization and other international organizations.

Tariffs

Tariffs and duty rates are frequently revised and the tariffs levied are decreasing in line with the country’s WTO commitments.

Surtaxes can be levied in exceptional cases, such as countervailing duties as anti-dumping measure.

Vietnam has issued over 5000 product standards, many of which are in accordance with international standards. Specific information can be provided by import partners or may be sought from the relevant ministry or authority or from the Directorate for Standards and Quality (STAMEQ) under the Ministry of Science, Technology and Environment.

Non-tariff barriers

The following goods are prohibited from import into Vietnam:

- weapons, ammunition and explosive materials (except industrial explosives), military technical equipment; certain firecrackers

- second hand consumer goods, including:

• textiles and garments, shoes and sandals, clothing
• electronics
• appliances e.g. refrigerator
• medical apparatuses
• furniture and interior decoration
• household goods made of porcelain, terracotta and china, glass, metal, resin, rubber, plastics
• motors and certain vehicle parts
• bicycles
• ambulances
• two and three wheeled motor vehicles

- cultural products prohibited from dissemination and circulation in Vietnam; radio equipment inconsistent with Vietnamese radio frequency planning or technical regulations

- vehicles from which the frame or engine number has been removed or designed for driving on the left

- chemical listed in Appendix III of the Rotterdam Convention and other toxic chemicals and pesticides, plus products containing asbestos or Chlorofluorocarbon (CFC) waste and scrap.

 The following goods are prohibited from export out of Vietnam:

- weapons, ammunition, explosive materials (except industrial explosives) and military technical equipment

- national relics and antiques; cultural products in the category prohibited from dissemination and circulation in Vietnam

- round timber and sawn timber produced from domestic natural forests; rare and precious wild fauna and flora

- equipment used for the encryption of national secrets

- type one toxic chemicals stipulated in the Treaty Prohibiting Chemical Weapons and in Annex III of the Law on chemicals and its Decrees.

Import/export in Free Trade Zones

Companies may choose to produce within an Export Processing Zone (EPZ) in order to take advantage of the exemptions from customs duties. Industrial Parks (IPs) offer various support services as well as tax advantages. The specific incentives and support measures that are available vary across individual EPZs and Ips.

Special certificates

Health certificates are required to import plant and animal products. Live animals require certificates attesting that they are free of communicable diseases. Pharmaceutical products must be registered and approved by the Ministry of Health. All imported foodstuff for consumption in Vietnam requires a Certificate of Analysis.

Methods of quoting and payment

The most common method of payment for import transactions into Vietnam is Confirmed Letter of Credit. Distributors will typically ask for between 30 and 180 days payment terms.

Documentary requirements

Circular No. 128/2013/TT-BTC, guides import and export procedures. Several copies of documents can be required to complete the import procedures. The necessity of translations into Vietnamese can be specified in the import contract. Originals should be signed with blue or red, but not black ink.

A certificate of inspection or documentation confirming exemptions from inspection, as well as an import licence are required for certain types of goods. E-customs declarations are possible and welcome.

Required documents for import:

Pro-forma invoice

Include the same type of information as a commercial invoice.

Commercial invoice

Vietnamese foreign trading organisations usually require the following information to be contained on the commercial invoice:

• a complete description of the goods
• product codes and serial numbers (if applicable)
• invoice number(s)
• number of items or containers
• net and gross weights
• net value which must be close to the market price
• the country of origin

Bill of lading

Importer’s instructions should be followed and all information must conform with other shipping documents.

Packing list

Use of a packing list is recommended even if not specifically required by the import contract.

Certificate of insurance

Having obtained insurance coverage for a shipment, a copy of the insurance certificate or insurance policy should be included in the import dossier.

Insurance

Loss or damage of a shipment is possible in the form of cargo insurance or of a contingency insurance clause.

Sources:

http://www.vietnam-briefing.com/news/customs-procedures-in-vietnam.html/ 

http://vietnamembassy-usa.org/basic-page/custom-regulations