Vietnam: New temporary import for re-export regulations next month

• Aug 11, 2017

HANOI — The Ministry of Industry and Trade has issued a new circular on temporary import for re-export and temporary export for re-import, which will take effect from September 11.

Under Circular 11/2017/TT-BCT, temporary import and re-export must be conducted at international and major border gates.

Re-exporting through small border gates or border crossings is only allowed at border economic zones or at certain gates with adequate control.

Border provinces must work with the Ministry of Industry and Trade on principles of selecting enterprises eligible for re-exporting through small border gates and border crossings and announce their names.

Goods for temporary import would be under the supervision of customs until re-exported.

The ministry noted that containers of temporary import goods should not be divided into smaller parts for transportation from temporary import gates to the re-export gates.

The circular is applicable for Vietnamese traders.

Regulations for foreign traders would be in accordance with international commitments, based on organisations of which Vietnam is a member. — VNS

Source: http://vietnamnews.vn/economy/381765/new-temporary-import-for-re-export-regulations-next-month.html#6Qxv5VBOUOu6ymTF.99