Page 5 - Equipment Import Regulations of Viet Nam for K-V Investment Promotion

First, it separates the requirements for importing technical lines and individual machinery and
equipment. Second, it acknowledges Korean standards related to safety, energy saving and
environment protection. Third, the remaining value such as capacity and efficiency must meet
above 85% in the case of production equipment. And the amount of raw materials or energy

consumed by the technological lines produce shall not exceed 15% of its design consumed
level. Fourth, the production line technology to be imported must be currently used in at least

three OECD countries.

● The needs of relocation of production line and equipment from Korea to Viet Nam has been
increasing, consequently justifying the reason of providing guidelines of application of the
regulation to Korean exporters. Besides, it is high time to put policy of environmentally friendly
industrial development into practice for the government of Viet Nam.

● To this end, a draft project proposal was prepared by the Ministry of Economy and Finance of
Korea and discussed at the mid-session meeting of V-K FTA Economic Cooperation Committee

in April 2019 in Ha Noi.

Project details (Activities to be carried out)

● The project activities will be focused on establishing an integrated guideline on used machinery

and equipment import regulation of Viet Nam and disseminating the guideline with trading
companies and related customs officers in order to strengthen public-private cooperation between
Korea and Viet Nam.

a. Establish a comprehensive guidebook with references to practical requirements and application
of Vietnam’s import regulations of used machinery and equipment.

b. Provide information on the regulations through On- and Off- line seminars and/or face-to-face

interviews.

c. Post a video clip and a downloadable type of guidebook on an information board of KOTRA

for the users’ accessibility.

Expected outputs or outcomes

● Develop a comprehensive guideline on used machinery and equipment import regulations of
Viet Nam which will serve as a good reference on practical requirements and application of the
regulations to Korean companies and Vietnamese customs officials.