You plan to import products (or even personal effects) in Vietnam ? Then your goods must pass by the customs ! This is a mandatory step to import things into the country (and it is the same worldwide basically).
The classification of imported and exported goods is based on:
- The Vietnamese classification list of imported and exported goods; the nomenclature of preferential import tariffs; the export tariff tariff nomenclature;
- Six (6) general HS Convention rules;
- The mandatory explanatory notes to the HS Convention;
- Make references to the additional explanatory notes to the harmonized tariff nomenclature and detailed explanatory notes to the harmonized system of description and coding of goods (HS).
What is HS Code?
The Harmonized System (HS) of tariff nomenclature is a harmonized system of names and numbers used to classify products sold internationally. This codification is developed by the World Customs Organization (WCO).
These codes are used to calculate duties and taxes, relating to a cross-border shipment, by a local customs authority.
Commercial entities, including companies with foreign capital holding legally a registered operating license, may be engaged in direct import and export activities. However, foreign-invested enterprises can import materials, equipment and machinery only to establish production chains and produce goods in accordance with their investment licenses. Under the WTO commitments made by Vietnam, marketing rights are now open to all foreign-invested enterprises. Vietnam is facilitating an automatic import licensing system that requires importers of a large category of goods to obtain a license from the Ministry of Industry and Labor to pass their goods through customs. The distribution rights of these entities are open to joint ventures with no capital limit and, since 2009, to companies with entirely foreign capital.
Seven departments and agencies are responsible for overseeing a system of minimum quality / performance standards for the protection of animals and plants, health security, compatibility of local networks (in the case of telecommunications) and monetary security. Goods that meet the minimum standards can be imported on demand and in unlimited quantity and value.
When carrying out customs procedures for imported goods, customs declarants must submit and present a customs file to the headquarters of the customs subsection and be responsible for the legality and legitimacy of customs files and accuracy of the contents declared on the customs declaration form.
Above is our advice on the issue. If you need more detailed advice as well as how to access this service, please contact Lawyer – Mr. Nguyen Duc Trong directly via hotline: 09184.108.40.206, 09220.127.116.11 or call Free Consultancy Center 1900.6575 or send a service request via email: firstname.lastname@example.org
We wish you and your family good health, peace and success!
Hong Bang Law Firm.