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The company intends to import certain materials and machinery from foreign countries. What procedures must be undertaken for this purpose in accordance with Vietnamese law?

Question:

My company is engaged in the construction, processing, and installation of iron and steel. Now I want to import some materials and machinery from foreign countries. I would like to know what procedures I need to follow to import these shipments.

I am currently preparing the documentation to establish a limited liability joint stock company specialized in trading machinery and equipment. I would like to know, if I want to register for additional import and export activities, where should I register with the Planning and Investment Department in the application?

Answer:

– Pursuant to Clause 5, Article 7 of the  Law on Enterprises 2020, “export and import business” is the right of enterprises. Enterprises should contact the customs authorities to be guided on the registration of import activities according to regulations.

– In case the firm desires to register for a specific industry, it can provide details of imports under the specific operations of wholesale, retail, and manufacturing industry codes (For example: 4662: Wholesale of metals and metal ores. Details: import of iron, steel). Alternatively, the firm can register under industry code “8299: Other business support service activities not elsewhere classified. Details: import of products traded by the company.” To register for additional business sectors, the enterprise can refer to the template and procedures on the website: www dangkykinhdoanh.gov.vn/ news/ latest news/ Reference form for enterprise registration according to the regulations in the Law on Enterprises No. 59/2020/QH14.

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