ANNOUNCEMENT 27 Mar 2014In March 2014, the government of Vietnam announced a change in import formalities.
NUMBER OF INTERVENTIONS
On 27 March 2014, Vietnam issued Circular 3161/TCHQ-GSQL which removed the requirement for foreign invested enterprises (FIEs) in Vietnam to obtain a certification form the Ministry of Industry and Trade for the import of lubricating oils and greases, provided the said products will be used for maintenance of machinery for production of goods, and not for purchase, sale, or distribution.
Circular No. 34/2013/TT-BCT (see related measure) provides a list of goods that are prohibited to be exported, imported or distributed in Vietnam by FIEs and petroleum oils are included in the list, thus requiring FIEs to obtain a certificate from the Ministry for imports. Circular 3161 makes an provision for FIEs who want to import these goods not for trade but for production of other goods. Considering this, the FIEs need to submit (i) an Investment certificate stating the target of the investment project is tangible production and (ii) a written request stating the goods and required quantity with the intended purpose.