ANNOUNCEMENT 01 Aug 2008
The Vietnamese Ministry of Trade and Industry published Decision 24/2008/QD-BCT detailing the regulations for an automatic licensing regime for imports.
NUMBER OF INTERVENTIONS
The Decision requires importers to apply for licenses for imports of every lot of goods listed in the appendix of the said Decision. The importer is required to submit a dossier to the Ministry with the import and business details, 10 days after which the Ministry will issue an import license.
The licensing requirement does not apply to goods when they are imported as a temporary import for re-export, as temporary export for re-import, for border-gate transfer, as transit goods, as non-commercial imports or as imports for production or processing of export goods.
The Decision will be valid until 31 December 2008.