American companies are actively investing in the Vietnamese economy and the thriving production sector. Vietnam has a nominal GDP of $ 369 billion with an average GDP growth of 7% per year. The United States is Vietnam’s second largest trading partner, and 18% of all Vietnamese exports end up in the United States. Importing and exporting products can be challenging for companies in Vietnam. Vietnam Briefing describes a general step-by-step guide to import and export procedures in Vietnam. We also take into account registration, licensing requirements, customs procedures and applied duties.
Make sure to import goods in accordance with Vietnam’s trade policy and US law. Vietnam prohibits the export of weapons and ammunition, relics, natural forests, wildlife, toxic chemicals and certain technologies, such as government coding software. An updated list of banned exports can be found on various government and private websites, including the authorized Vietnam Trade Promotion Agency. USA And in an important source of clothing, shoes, furniture, agricultural products and machines.
It is up to someone to keep a close eye on the various elements involved in the production process, for example to find out the country of origin or the HTS classification before sending something. Incorrect entry classifications can also lead to follow-up requests from US customs. USA Once discovered and caused by unwanted sanctions.
That is why we have decided to write this exhaustive series of articles explaining the whole transfer procedure between Vietnam and other countries . Customs clearance in the US is described in detail here. USA For Vietnamese goods, transit times and freight methods, transfer prices and the economic relationship between the 2 countries. If you need personal advice, do not hesitate to contact our consultants. Further, The special consumption tax law provides that exporters who purchase reliable goods for the export of SCT but who sell the products in the country, are responsible for SCT.
Each Party shall apply enforcement procedures in a manner that does not create barriers to legitimate trade and contains effective safeguards against abuse. Ensure that technical regulations are not drawn up, adopted or applied with a view to or in order to create unnecessary obstacles to international trade. To this end, technical regulations will not restrict trade more than is necessary to achieve a legitimate objective, taking into account the risks that non-compliance would pose. These legitimate objectives include national safety requirements; preventing misleading practices; protection of human health or safety, life or health of animals or plants or the environment. When assessing such risks, relevant elements of attention include available scientific and technical information, related processing technology or intended end use of products. This database synchronizes the full harmonized rate for imports into the United States.
Our guide will help you find corresponding HS codes for each product you import to verify the rates. US Customs uses trade codes from international customs organizations that are internationally recognized and impose different rates based on the product. Certain Vietnamese products are tax-free, while other rates can reach up to 40%. Below are sources to research the HS code database and find the corresponding code for your product. Once you have the code, you can enter it in the database and find out how much you owe.
These documents are necessary as soon as the goods are registered at the customs office. Import duties must be paid before the cargo can enter the country and export costs must be paid within 30 days of shipment. The types of rights imposed by the gửi hàng đi mỹ Vietnamese government are directly related to the current market state and the demand for goods on the international market. This calculation can be performed daily, so shipping companies must have up-to-date and accurate information at all times.
The illustrative list of MICs laid down in the WTO MIC Agreement (“the list”) It is set out in Annex I to this Agreement. The TRIMs in the list are considered to be in violation of this article, regardless of whether they are imposed by laws, regulations or as conditions for individual investment contracts or licenses. Each Party provides companies and nationals of the other Party with an effective means of asserting claims and enforcing rights in covered investments. Without prejudice to the protection of confidential information, each Party shall ensure that its competent authorities have the power to give the rightholder sufficient opportunity to inspect all goods held by the customs administration to justify its claims. Each Party shall also ensure that its competent authorities have the power to give the importer an equivalent opportunity to inspect such assets. When the competent authorities have made a positive decision on the substance of a case, a Party may empower the competent authorities to notify the holder of the right to the names and addresses of the shipper, the importer and the consignee, and the quantity of the goods in question.