IMPORT AND EXPORT PROCEDURES IN VIETNAM

Dinh Khuong Duy (M.A)Lecturer in International Trade TransactionsFaculty of Economics and International BusinessForeign Trade University

EXPORT PROCEDURES

Assumption: Contract has been signed, in which:- Terms of delivery: FOB, Incoterms 2010- Cargo: bulk (not containerized)- Payment: by irrevocable L/C

EXPORT PROCEDURES Ask the buyer to open an L/C- Check L/C- Compare to Sales Contracts- Request for amendment if necessary Apply for export license - Goods free for imports- Goods needs automatic licensing- Goods under specific administration

EXPORT PROCEDURES

Preparing export goods- Collecting- Packing and marking- Preliminary quality inspection Arrange carriage and insurance- Buyer’s liability- Help the buyer under his cost and risk

EXPORT PROCEDURES Pre-shipment inspection- Inspection agency- Inspection location Customs clearance- Exporter/Forwarder/Carrier- Documents: Contracts, Customs

declaration, packing list…- Procedures: green/yellow/red lanes

EXPORT PROCEDURES Delivery- Contact port authority- Carry goods to the port- Watch the shipping-on-board process- Obtain documents required (B/L) Payment- Present documents required in L/C in

due time

EXPORT PROCEDURES

Dispute settlement- Claim settlement: according to sales

contract;- Settlement by court of justice;- Settlement by arbitrationNote: VIAC

IMPORT PROCEDURES

Assumption- Terms of delivery: CIF, Incoterms 2010- Cargo: bulk (not containerized)- Payment: by irrevocable L/C

IMPORT PROCEDURES

Apply for import licenses Open an L/C- Prepare documents: Application form,

Contracts…- Open an L/C in due time (security

deposit may be required) Arrange carriage and insurance- Seller’s obligations.

IMPORT PROCEDURES Customs clearance- Who can perform customs procedures?- Documents required?- Procedures? Take delivery- Preparation after receipt of NOR- Obtain D/O- Take delivery of goods (documents?)

IMPORT PROCEDURES

Inspection of goods- Quality inspection- Quarantine (if required) Dispute settlement- Claim and self-settlement- Settlement by court of justice- Settlement by arbitration

DOCUMENTS IN INTERNATIONAL TRADE TRANSACTIONS

Commercial invoice Certificate of quantity Certificate of quality Certificate of origin Bill of lading Import/Export license Customs declaration Others…