Question: How do I start importing from Vietnam?

How do I import goods from Vietnam?

Import from Vietnam to India, step by step procedures

  1. Step by step procedures to import to India.
  2. Learn Exports Imports Free, Click here.
  3. Click here to know GST rate of your goods or service.
  4. Is letter of credit safe mode of payment?
  5. IGM amendment (Import General Manifest Amendment)
  6. Import clearance under high sea sales.

Do you pay import tax from Vietnam?

Import/Export Tax

Rates can vary according to the goods’ value and the country of origin and its relevant trade agreements with Vietnam. Most normal goods are subject to a 20 percent import tax. The Vietnamese government recently implemented an exemption for goods with a value of less than 1 million VND.

How can I get import export license in Vietnam?

To import, export and/or distribute goods in Vietnam, foreign investors shall have to take some steps: Step 1: Claim for the Certificate of Investment Registration; Step 2: Claim for the Certificate of Business Registration; Step 3: Claim for the Business License.

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What can I export from Vietnam?

Industry Snapshots

Top Exports Export Value (2017)
Phones US $45.1 billion
Textiles US $25.9 billion
Electronic goods/Computers US $25.9 billion
Footwear US $14.6 billion

What is Vietnam’s biggest export?

Vietnam main exports are: telephones, mobile phones and parts thereof (21 percent of total shipments) and textiles (12 percent). Others include: computers and electrical products (12 percent); shoes and footwear (7 percent) and machinery, instruments and accessories (6 percent).

What is Vietnam’s largest export?

Exports The top exports of Vietnam are Broadcasting Equipment ($42.3B), Telephones ($18.2B), Integrated Circuits ($15.5B), Textile Footwear ($10.6B), and Leather Footwear ($6.43B), exporting mostly to United States ($63.7B), China ($40.3B), Japan ($21.2B), South Korea ($20.3B), and Germany ($8.22B).

How much is the import duty in Vietnam?

Most goods imported to Vietnam are subject to duty. Imported products are subject to import tax and value-added tax (0%, 5%, or 10%). Tax rates vary depending on the type of product.

Is Vietnam duty free for us?

Most items being imported from Vietnam to the US are subject to a 0-25% import tariff, depending on their category. However, certain items cannot be exported from Vietnam or require special export permissions. For example, one cannot import petroleum and oil products from Vietnam to the US.

What do I need to declare at Vietnam Customs?

Customs documents required in Vietnam

  1. Bill of lading;
  2. Import goods declaration form;
  3. Import permit (for restricted goods);
  4. Certificate of origin.
  5. Cargo release order;
  6. Commercial invoice;
  7. Customs import declaration form;
  8. Inspection report;

What are Vietnam’s main imports?

Vietnam main imports are computers, electrical products and parts (18 percent of total imports) and machine, instruments and accessories (16 percent). Others include: telephones, mobile phones and parts thereof (8 percent); textile fabrics (5 percent) and iron and steel (4 percent).

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How many import taxes are applicable in Vietnam?

Import duty rates are classified into three categories: ordinary rates, preferential rates, and special preferential rates. Preferential rates are applicable to imported goods from countries that have most-favoured-nation (MFN, also known as normal trade relations) status with Vietnam.

What can I ship to Vietnam?

Paintings, pictures, books, newspapers, cinema films, photographic films, records, miscellaneous articles for the stage, all other literary and artistic productions, objects of art and of sculpture, all kinds of children’s toys must have the authorization of the Ministry of Culture of the Socialist Republic of Vietnam.

How do I export from Vietnam?

Step by step procedures to export from Vietnam

  1. Export Registration and Licence procedures.
  2. Export Customs procedures.
  3. Export documents required.
  4. Learn Exports Imports Free, Click here.
  5. Click here to know GST rate of your goods or service.
  6. Is Letter of Credit LC safe for an Importer?

Does Vietnam export more than imports?

Overall Exports and Imports for Vietnam 2019

The total value of exports (FOB) is US$ 264,610 million. The total value of imports (CIF) is US$ 253,442 million.

What can I sell in Vietnam?

What products can you sell online in Vietnam?

  • Cigarettes, cigars, or any other tobacco product;
  • Drinks that contain more than 15% of alcohol;
  • Endangered plants and wildlife whether living or its processed parts;