Title: Circular 28/2012/TT-BCT detailing the registration of the import right and export right of foreign traders without presence in Vietnam

Type: Circular

Issuing Agency: Ministry of Industry and Trade

Responsible Agency: Ministry of Industry and Trade

Issuing Date: 27-09-2012

 

Article 2. Exercise of the export right

1. A foreign trader without presence in Vietnam (below referred to as trader without presence) that has obtained a registration certificate of the import right and export right may exercise the export right as follows:

a/ To export goods outside the lists of goods banned from export, goods subject to export suspension, and goods ineligible for export under international commitments. Conditional exports must satisfy law-prescribed conditions;

b/ For exports on the list of goods to be exported under an internationally committed roadmap, to comply with the committed roadmap;

c/ To directly carry out goods export procedures at the customs office in accordance with law under goods purchase contracts signed with Vietnamese traders;

d/ To export goods conformable to its registration certificate of the import right and export right.

2.  A trader without presence may directly purchase goods only from a Vietnamese trader with business registration or the right to export or distribute for export such goods; and may not organize a network to purchase goods in Vietnam for export, including opening places for purchase of goods for export, unless otherwise provided by Vietnamese law or a treaty to which the Socialist Republic of Vietnam is a contracting party.

Article 3. Exercise of the import right

1. A trader without presence that has obtained a registration certificate of the import right and export right may exercise the import right as follows:

a/ To import goods outside the lists of goods banned from import, goods subject to import suspension, and goods ineligible for import under international commitments. Conditional imports must satisfy law-prescribed conditions;

b/ For imports on the list of goods to be imported under an internationally committed roadmap, to comply with the committed roadmap;

c/ To directly carry out goods import procedures at the customs office in accordance with law under goods sale contracts signed with Vietnamese traders;

d/ To import goods conformable to its registration certificate of the import right and export right.

2.  A trader without presence may directly sell imported goods only to a Vietnamese trader with business registration or the right to distribute such goods; and may not organize or participate in a goods distribution network in Vietnam, unless otherwise provided by Vietnamese law or a treaty to which the Socialist Republic of Vietnam is a contracting party.

For further information, visit here

 

Download Vietnamese: Circular 28/2012/TT-BCT detailing the registration of the import right and export right of foreign traders without presence in Vietnam