Page 20 - Equipment Import Regulations of Viet Nam for K-V Investment Promotion
P. 20

2020 K-V Economic Cooperation Work Program
           Disseminating Information on Used Machinery and
           Equipment Import Regulations of Viet Nam for K-V Investment Promotion

                    G0.2  Law on Foreign Trade Management
                              The Law defines “foreign trade activities” and “technical measures", and prescribes the
                               provisions of the Vietnamese foreign trade management including the responsibility for
                              the Prime Minister and the Ministry of Science and Technology, and the prohibition of

                              export and import.


                    G0.3  Government’s Decree No. 69/2018/ND-CP

                              The Decree provides guidelines for the Law on Commerce and the Law on Foreign Trade
                              Management.


                              Concerning the substantive provisions of Decision 18, the Decree prescribes:



                                Responsibility of Prime Minister: The import of used machinery, equipment, and techno-

                                logical lines shall be regulated by the Prime Minister.


                                Scope: International exchange of goods in the forms of the export and import; temporary

                                importation; temporary exportation; merchanting trade; transit and other activities related
                                to the international exchange of goods in accordance with regulations of Vietnam law and
                                international treaties to which the Socialist Republic of Vietnam is a signatory.



                                Goods Prohibited or Requiring License to Import


                                * (Prohibited) Goods being used information technology products, etc.



                                * (Requiring License) Printing machines for printing, publishing, and textile industry.









                     B. General Provision


                             i. Scope



                                1. The Scope of HS code and the banned list

              Enterprise should review if the export items would belong to applicable HS code, Chapter 84 or

              Chapter 85, and is not on the banned lists of the Decree of the Foreign Trade Management Law of
              Vietnam.



              10
   15   16   17   18   19   20   21   22   23   24   25