Based on the nature of the transaction of goods, the Ministry of Finance recently sent a report to the Government proposing alternative policies when customs procedures are not carried out for spot import and export activities specified at Point c, Clause 1, Article 35 of Decree No. 08/2015/ND-CP as below. Case 1: The Enterprise is not an EPE company: If there happens the import – export trading under the direction of a foreign trader without presence in Vietnam, it can be converted into an EPE Company. Because according to the current Law, the exchange of goods between the domestic and EPE Company...
UPDATE REGULATION OF ON – THE – SPOT EXPORT AND IMPORT AFTER OFFICIAL LETTER 2587/TCHQ-GSQL 2023
On 8th August 2023, The General Department of Customs has issued Official Letter 4146/TCHQ-GSQL 2023 to answer questions of Associations and Enterprises related to on-the-spot export and import after issuing Official Letter 2588/TCHQ-GSQL 2023. Based on the provisions of the Commercial Law, the Law on Foreign Trade Management, and the transactional nature of the goods, the exported or imported goods must be brought out/into the Vietnamese territory or brought out/into the customs area. But to on-the-spot export and import activities, goods are bought and sold within the domestic market and there is no movement of goods out of the border of...
OPENING OF VIETNAM - CHINA RAILWAY TRANSPORT ROUTE
Vietnam - China railway transport route from Shijiazhuang City in China to Yen Vien Station in Hanoi, Vietnam is opened on 2rd August 2023. This train departs from Shijiazhuang City, Hebei Province, China to Yen Vien Station with a journey of 2,700 km, taking over 4 days. The train has 23 carriages. This is the first train of the freight route between the two countries, organized jointly by the railway department of Vietnam and China. This train runs straight, helping businesses shorten the transportation time compared to the time of transporting goods at the border as before and more convenient in carrying...
OPEN SONG THAN - DONG DANG REEFER CONTAINER TRAIN
On 14th July, 2023, the Vietnam Railways Corporation held the opening ceremony of a reefer container train from Song Than station, Binh Duong province to Dong Dang station, Lang Son province, after which the goods were transferred to inland China. The train has a transport volume of about 900 tons with 21 Mc wagons carrying 40 feer reefer containers, a maximum length of 325 m, a maximum transit time of 72 hours (expected to shorten the transportation time after completing the repair and upgrade package of railway infrastructure). Reefer container trains have a closed refrigeration structure, so goods do not need to...
CMA CGM IMPLEMENTS PEAK SEASON SURCHARGE FROM ASIA TO SOUTH AFRICA
CMA CGM has announced a new peak season surcharge (PSS) from Asia to South Africa that will be effective from 21 August, 2023. The French ocean carrier noted that the surcharge will be US$300 per TEU and will be applied to dry, reefer, out-of-gauge (OOG) and breakbulk cargo. The surcharge will be applied from ports in North East Asia, South East Asia, Mainland China, Hong Kong SAR, Macau SAR and Taiwan to South Africa.
RESTORE OPERATIONS AT MUONG KHUONG BORDER GATE, LAO CAI
Lao Cai Provincial People's Committee has just decided to restore operations at Muong Khuong border gate in Muong Khuong district. It is expected that from 27th July, 2023, activities will be restored at the Muong Khuong border gate (Lao Cai, Vietnam) - Kieu Dau (China) to restore import-export activities through this border gate. In the coming time, Lao Cai Provincial People's Committee will assume the prime responsibility and coordinate with the forces involved in the management of Muong Khuong border gate to organize the restoration of import and export activities through this border gate. At the same time, the Management Board...