NEW PROVISIONS ON TEMPORARY IMPORTATION AND EXPORTATION
On May 15, 2018, the Government issued the Decree No. 69/2018/ND-CP on guidelines for the Law on Foreign Trade Management.
Accordingly, a trader may temporarily import goods to Vietnam under a contract concluded with a foreign party for the purposes of the warranty and maintenance, lease, borrowing, use or other purposes for a specified period and re-export them out of Vietnam.
However, if the goods have not been sold and used in Vietnam or are managed by export and import quotas, tariff-rate quotas or requiring export or import licenses, except that it obtained an automatic export or import license, the trader shall obtain the temporary importation license which is granted by the Ministry of Industry and Trade.
For other goods, the trader will only carry out the procedures for temporary importation at the customs authority without requiring a temporary importation license.
Besides, there are some cases that a temporary importation license is not required, such as: Temporary importation of healthcare machinery and equipment for humanitarian purpose; Temporary importation of performance equipment, equipment for training and competition of art troupes, sports tournament…
This Decree takes effect on May 15, 2018.
