On 24 December 2013, the Vietnamese Ministry of Industry and Trade issued Circular 34/2013/TT-BCT stating the trading rights of foreign invested enterprises (FIEs) in Vietnam. The Circular replaces an earlier Decision No. 10/2007/QD-BTM issued in May 2007.
Folloing changes are made in the new Circular -
- Any restrictions on the form of investment for FIEs in Veitnam when performing import-export activities and distribution of goods in Vietnam have been removed
- The scope of the new Circular is reduced and activites of commercial advertising and commercial assessment have not been included under its purview
- Decision 10 originally included a list of goods that are not allowed to be imported, exported or distributed alongwith a distribution roadmap of goods that would be allowed to be imported, exported or distibuted in future years. The new Circular 34 has adopted the same list of goods that are prohibited without any significant changes, but the distribution roadmap has not been included, essentially allowing the trade of goods that were allowed by Decision 10 in future years.