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flag Vietnam Vietnam: Selling and Buying

In this page: Market Access Procedures | Reaching the Consumers | Distributing a Product | Organizing Goods Transport | Identifying a Supplier

 

Market Access Procedures

International Conventions
Member of World Trade Organisation
Member of OECD
Party to the Kyoto Protocol
Party to the Washington Convention on International Trade in Endangered Species of Wild Fauna and Flora
Party to the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and Their Disposal
Party to the Montreal Protocol on Substances That Deplete the Ozone Layer
Party to the Wassenaar Arrangement on Export Controls For Conventional Arms and Dual-Use Goods and Technologies
Party of the International Coffee Agreement 2001
Main International Economic Cooperation
Asia - Pacific Economic Cooperation - APEC

Association of Southeast Asian Nations - ASEAN, AFTA and the ASEAN - China Free Trade Area.

The country have signed a trade agreement with 21 other countries in the São Paulo Round of the Global System of Trade Preferences among Developing Countries (GSTP).

Non Tariff Barriers
Click here for more details.
Customs Duties and Taxes on Imports
Click here for further information.


Customs Classification
The classification of import and export goods must be based on:
- Vietnam ’s Classification List of Import and Export Goods; Preferential Import Tariff Nomenclature; Export Tariff Nomenclature;
- Six (6) general rules of HS Convention;
- Obligatory explanatory notes of HS Convention;
- Making references to supplementary explanatory notes of ASEAN Harmonized Tariff Nomenclature and detailed explanatory notes of the Harmonized Commodity Description and Coding System (HS).
Import Procedures

When carrying out customs procedures for importing goods, the customs declarers must submit and present a customs dossier at the headquarters of Customs Sub-branch and be responsible for legality and lawfulness of customs dossiers and accurateness of declared contents on customs declaration form. Click here for more information.

Importing Samples
Consulting the procedure.
 
 
For Further Information
General Department of Vietnam Customs
ITPC
Vietnam Trade Portal
Asia Trade Hub
Vasep
Vietfood
VSA

Learn more about Traders, Agents in Vietnam on Globaltrade.net, the Directory for International Trade Service Providers.

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Reaching the Consumers

Marketing Opportunities

Consumer Behavior
Vietnam is experiencing its highest inflation in more than a decade, but consumer confidence in the country is still relatively high. Although inflationary pressure will directly impact consumer behavior within some product and service categories, mid-to long-term prospects in Vietnam are still very encouraging. Vietnam is the fourth most attractive retail market in the world in terms of potential growth owing to both increasing demand for consumer goods and rising disposable incomes, behind India, Russia and China. The retail market of the country has expanded rapidly over the past few years and will accelerate further on the back of rising disposable income, growing consumer spending and sector's liberalization in the coming years, according to new REUTERS market research report, "Vietnam Retail Analysis (2008-2012)".
Consumer Profile and Purchasing Power
During 2008-2012, retail sales in Vietnam grew about 13% .

- Food is the most important component of Vietnam's retail sector and accounts for nearly two-third of total retail sales.

- Non-food sector is expected to grow at a faster pace than food, because of the rise in income and consumer spending on non-essential items such as clothing, electrical and DIY goods.

- Demand for international brands and luxury products will rise as income level move upwards in the country.

- Modern retailing formats like air-conditioned mini-marts, supermarkets and small shopping complexes will become more prevalent in the coming years and will lure consumers away from traditional outdoor markets.
Consumers Associations
VINASTAS , Vietnam Standards and Consumers Association
Main Advertising Agencies
Saatchi & Saatchi Group - Branch in Vietnam
Cat Tien Sa Company

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Distributing a Product

Market Shares
Markets and small retailers are popular canals of distribution in Vietnam. But today the supermarkets network is increasingly open and have the confidence of consumers with regards to the quality and the availability of goods. The leading supermarkets in Vietnam are Saigon Coop, Maxi Max, Big C, Metro Cash and Carry.
Organizations in the Retail Sector
Vietnam distribution association

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Organizing Goods Transport

Main Useful Means of Transport
The principle means of transportation of goods are lorry, then train, boat and plane.
Ports
Ben Nghe Port
Cam Ranh Port
Hai Phong
Airports
Tan Son Nhat International Airport
Noi Bai International Airport
Sea Transport Organizations
Vietnam Seaports Association
Air Transport Organizations
Southern Airport Corporation
Road Transport Organizations
Vietnam Road Administration
Rail Transport Organizations
Vietnam Railways

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Identifying a Supplier

Type of Production
Industry contributes to about 40% of the Vietnamese GDP. Vietnam has a competitive advantage regarding labor costs, and natural resources. The main sectors of productions are: Rice, Food processing, Garment and Textile, Crude Oil, Cigarettes and Tobacco, Chemicals and Electrical goods. As a result of several land reform measures, Vietnam is now the largest producer of cashew nuts with the-third of global market share and second largest rice exporter in the world after Thailand. Vietnam has the highest percent of land use for permanent crops, 6.93%, of any nation in the Greater Mekong Sub-region. Besides rice, key exports are coffee, tea, rubber, and fishery products.

Business Directories

Multi-sector Directories
Danh Ba Website Vietnam - Vietnam's business directory.
Vietnam Biz - Directory solution of businesses in Vietnam
Vietnam Business Directory - Find a business in Vietnam.
Vietnam Company - Directory of companies in Vietnam.
Vietnam Trade Promotion Agency - Vietnam e-directory.
ASEM Connect - Website managed by the Vietnam Industry & Trade Information Center.
Yellow Pages - Vietnam's Yellow Pages.
Zipleaf - Business directory for several countries in the world.
 
 
Manufacturers Associations of the Main Industries
3 professional associations listed for Vietnam.
 
Trade Agencies and Their Representations Abroad
Vietnam Chamber of Commerce and Industry
Enterprises Federation
The Vietnam Association of Small and Medium Enterprises
 
 

Learn more about Service Providers in Vietnam on Globaltrade.net, the Directory for International Trade Service Providers.

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Learn more about Sales in Vietnam on Globaltrade.net, the Directory for International Trade Service Providers.

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Last Updates: October 2014