REGULATIONS ON TEMPORARY IMPORT AND RE-EXPORT OF GOODS
Firstly, on goods and conditions for temporary import and re-export of goods: Vietnamese traders are entitled to trade in temporary import and re-export of goods in the following cases:
1/ The temporary import for re-export of goods does not depend on the business lines registered for business. Temporary import and re-export procedures are carried out at the border-gate customs office and do not need a permit of the Ministry of Industry and Trade and excluding goods of Lists of goods banned from temporary import for re-export and List of goods temporarily suspended from temporary import for re-export issued by the Ministry of Industry and Trade together with Circular No. 05/2014 / TT-BCT dated January 27, 2014 (hereinafter referred to as Circular 05).
2/ Traders shall temporarily import and re-export conditional goods, which are on the Lists of frozen foodstuffs and special consumption and used goods issued together with Circular 05. Must have a certificate of temporary import and re-export business code issued by the Ministry of Industry and Trade. Where traders fail to re-export goods through northern border gates, they are not subject to conditional temporary import for re-export.
3/ When temporarily importing and re-exporting goods on the list of goods banned from export or temporarily suspended from export or import, temporarily suspending import; goods exported or imported under permits must have a permit for temporary import and re-export granted by the Ministry of Industry and Trade.
4/ Temporarily importing and re-exporting according to the lease and borrowing contracts signed by Vietnamese traders with foreign parties for production, construction, and execution of investment projects for goods being equipment, machinery, and means. construction, molds, and samples are not on the list of goods banned from export or suspended from export and goods banned from import or suspended from import.
5/ Temporarily importing goods that enterprises have exported for recycling, warranty at the request of foreign traders, and re-exporting to foreign traders. Procedures for temporary import and re-export will be settled at the border gate Customs Branch.
6/ Other cases of temporary import and re-export such as:
Temporarily importing and re-exporting temporarily imported components and spare parts without contracts to serve the replacement and repair of foreign seagoing ships and aircraft; temporarily imported components and spare parts for repair of seagoing ships and aircraft under contracts signed between foreign ship owners and repair factories in Vietnam; Temporarily importing and re-exporting machinery, equipment and medical examination and treatment equipment of foreign organizations for medical examination and treatment in Vietnam for humanitarian purposes, and so on guided by the Ministry of Finance.
Secondly, the time limit for storing goods: Temporary import and re-export goods are kept in Vietnam no more than 60 days from the date of completion of temporary import customs procedures. If it is necessary to extend the time limit, the enterprise may send a written request for an extension to the Customs Sub-Department where the procedures for temporary import are made; The extension period shall not exceed 30 days and each extension shall not exceed 2 times for each good lot temporarily imported or re-exported. Past that time limit, enterprises must re-export goods from Vietnam or destroy them. In the case of importing into Vietnam, enterprises must comply with regulations on import and tax.