5 Deadly Traps of Import Agency in Ho Chi Minh City
Mr. Zhang recently encountered a vexing thing: A batch of coffee beans imported from Ho Chi Minh City was suddenly required to pay an additional 30% surcharge during customs clearance. What made him even more is that the agency company that had cooperated for two years refused to assist in handling it on the grounds of "Vietnamese policy changes". Such stories are not uncommon in the cross-border trade circle - Choosing a reliable import agency in Ho Chi Minh City is often more important than the goods themselves.
Vietnam, as a trade hub in the ASEAN, has distinct local characteristics in its import regulations:
- The customs adopts a bilingual declaration system in Vietnamese and English
- Agricultural products need to apply for SPS sanitary certification separately
- Some ports implement a special billing model of "warehousing fees are calculated as of arrival at the port"
A truly high-quality import agency in Ho Chi Minh City should have:
- Real-time Policy Tracking: For example, the updated HS Code comparison table by the Vietnamese Ministry of Finance in 2023
- Full-link Visibility: Full-node monitoring from the unloading at Saigon Port to the domestic bonded warehouse
- Emergency Response: Handling emergencies such as customs spot checks and transportation delays
There are several common routines in the market that need to be guarded against:
- Concealing Vietnamese local value-added tax (VAT) when quoting
- Falsifying the value of goods in the name of "tax-inclusive channels"
- Subcontracting to unqualified small freight forwarders
With the deepening implementation of the RCEP agreement, Vietnam's imports are showing new characteristics:
- The tariffs of electronic product parts are reduced to 0-5%
- The Hanoi-Haiphong economic belt has formed a new logistics hub
- The demand for cross-border e-commerce small package special lines has surged
Next time you receive a quotation from a Ho Chi Minh City supplier, you might as well ask three questions first: Does the transportation cost include unexpected contingencies? Do the customs clearance documents meet the bilateral requirements between China and Vietnam? Does the agent have the ability to handle AEO certification? The real trade competitiveness often lies in the details of the supply chain.
Welcome to share your Vietnamese import experience in the comment area or send a private message to obtain the latest version of the Vietnamese import compliance white paper. After all, in this era, the information gap is the most expensive cost.
- Further Reading
- Is the import agency business too complicated? Veteran in Xiamen will guide you to avoid pitfalls
- Beijing Red Wine Import Agency
- SMT Machine Import Agency? Here's What You Need to Know!
- Shenyang General Chemical Import Agency
- Fujian Ceramic Import Agency, Do You Really Understand It?
- Is Lens Import Agency Really So Magical?
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