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- 28 / 05 / 2018 -
Goods temporarily imported for re-export shall be subject to supervision until they are re-exported from Vietnam
On May 15, 2018, the Government issued Decree No.69/2018/ND-CP detailing a number of articles of the Law on management foreign trade. The Decree took effect from the date of its promulgation.
Accordingly, Decree No.69/2018/ND-CP stipulates that Vietnamese traders are entitled to conduct temporary import and re-export of goods irrespective of their registered business lines as follows:
- For goods temporarily imported for re-export or conditional, traders must satisfy the prescribed conditions.
- For goods banned from import or export; goods temporarily suspended from export or temporarily suspended from import; goods not yet permitted for circulation or use in Vietnam; goods subject to the management of export quotas, import quotas, tariff quotas and export or import permits, except for cases of automatic export or import permits, the traders must be granted a temporary import for re-export by the Ministry of Industry and Trade.
- For the remaining cases, traders shall carry out the procedures for temporary imported for re-export at the customs offices.
With clear and detailed regulations, Decree No.69/2018/ND-CP is expected to solve some problems when implementating the Law on management foreign trade, and at the same time, contributing to improving the quality of State management in this area.
