News
Under Vietnam Prime Minister's Instruction No. 23/CT-TTg dated September 7, 2012, Vietnamese companies involved in the importation of goods for re-export are required to obtain a license from the Ministry of Trade and Industry, according to shipping line sources. The regulation also requires that the license number or re-export code of the consignee to be shown on those bills-of-lading covering these imports for re-export. This is effective from October 1, 2012.
Failure to declare the relevant license number or re-export code on the bills of lading will result in penalties, including delays in customs clearance, fines and or denial of permission to re-export the goods.
Shippers are advised to check with their Vietnamese consignees for their license numbers or re-export codes and include them in their shipping instructions under the consignee field when their cargoes into Vietnam are meant to be re-exported.
