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Can Foreign-Invested Enterprises Export and Import Goods Into a Customs Area?

posted 11 months ago

As these enterprises continue to expand their operations, gaining a thorough understanding of the regulations governing their importation of goods into separate customs areas in Vietnam becomes crucial.

1. Import and export rights of FDI enterprises

Pursuant to Clause 1, Article 7 of Decree 09/2018/ND-CP stipulating the performance of goods purchase and sale activities and activities directly related to the purchase and sale of goods. Accordingly, foreign-invested enterprises (FDI) may import goods into a separate customs area but need to meet some conditions required.

2. Conditions for granting business licenses to foreign-invested enterprises in cases

(1) In case a foreign investor belongs to a country or territory that is a contracting party to an international treaty to which Vietnam is a contracting party, there is a commitment to open the market for goods trading and directly related activities come buy and sell goods
(2) In case the foreign investor does not belong to a country or territory participating in an international treaty to which Vietnam is a contracting party
(3) Where business services have not been committed to market opening in international treaties to which Vietnam is a contracting party
(4) In case of trading goods that have not been committed to market opening in international treaties to which Vietnam is a contracting party

3. Conclusion

In conclusion, FIE companies can establish separate customs areas in Vietnam’s designated zones to import goods and raw materials without being subject to customs inspections. However, the company must adhere to the regulations and procedures of Vietnam and obtain approval from the Vietnam Customs Department to avail this benefit. By following the necessary procedures, FDI companies can benefit from this provision and contribute to Vietnam’s growth and development.
#customs #fdi #business

 

For the full detail of this post, please reference on this link: http://hmlf.vn/can-foreign-invested-enterprises-export-and-import-goods-into-a-customs-area

 

Harley Miller Law Firm “HMLF”
Head office: 14th floor, HM Town building, 412 Nguyen Thi Minh Khai, Ward 05, District 3, Ho Chi Minh City.
Phone number: +84 937215585
Website: hmlf.vn
Email: [email protected] 

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