This document outlines import and export procedures in Vietnam. It discusses the steps involved in exporting goods from Vietnam, including obtaining an irrevocable letter of credit from the buyer, applying for an export license, preparing and inspecting the goods, customs clearance, delivery to the port, and payment. The import process is also summarized, covering applying for an import license, opening a letter of credit, customs clearance, taking delivery of the goods, and inspection. Key documents used in international trade transactions are also listed.

1. IMPORT AND EXPORT
PROCEDURES IN VIETNAM
Dinh Khuong Duy (M.A)
Lecturer in International Trade Transactions
Faculty of Economics and International Business
Foreign Trade University

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

3. 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

4. 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

5. 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

6. 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

7. EXPORT PROCEDURES
 Dispute settlement
- Claim settlement: according to sales
contract;
- Settlement by court of justice;
- Settlement by arbitration
Note: VIAC

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

9. 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.

10. 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?)

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

12. 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…