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Vietnam’s Import-Export Regime: Managing Customs and Accessing Tax Benefits

Published: September 2024

As Vietnam strengthens its position in global trade, understanding its import-export regulations is vital for businesses. This edition of Vietnam Briefing covers key aspects of customs procedures, on-spot export and import regimes, and VAT regulations. We provide insights into required documentation, processing times, priority customs benefits, and explore the challenges and opportunities within the on-spot export regime. Additionally, we explain VAT refunds and zero VAT applicability for exporters.

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As Vietnam continues to solidify its position as a key player in global trade, understanding the nuances of its import-export regulations is crucial for businesses aiming to thrive in this dynamic market. With robust frameworks governing customs procedures, on-spot export and import regimes, and value added tax (VAT) regulations, staying informed on these aspects can significantly impact operational efficiency and compliance.

In this edition of Vietnam Briefing magazine, we discuss the essential elements of Vietnam’s customs regulations, providing detailed insights into required documentation, processing times, and the benefits of priority customs treatment. We also explore the on-spot export and import regime, addressing the eligibility criteria, common challenges, and potential regulatory changes that could affect trade strategies.

Additionally, this magazine examines how VAT refunds work and the zero VAT applicability for exporters, offering practical examples and strategic advice to navigate these tax regulations effectively.

Our goal is to equip businesses with a comprehensive understanding of Vietnam’s regulatory environment to facilitate smooth and successful trade operations. For further insights or specific inquiries, please contact our experts for personalized advice and guidance at vietnam@dezshira.com.

In this magazine:

  • Dealing with Customs in Vietnam Pg 04
  • Special Insight: Understanding Vietnam’s New Customs Guidelines on Special Cases
  • Vietnam’s On-Spot Export and Import Regime Pg 12
  • VAT Refund and Applicability for Exporters Pg 17
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