Vietnam: Proposed repeal of “on-the-spot” export and import customs procedures
The proposal—if approved—would have significant effects on those with processing trade models that rely on the procedures.
Proposed repeal
The General Department of Customs (GDC) has proposed to repeal all regulations relating to the “on-the-spot” export and import procedures that have been commonly used and play an important part in the processing trade models and manufacturing ecosystem of many Vietnamese manufacturers and foreign principal traders.
The GDC also suggested that other relevant authorities study and consider amending relevant regulations to treat such transactions as domestic transactions.
The proposal—if approved—would have significant effects on those with processing trade models that rely on the on-the-spot export and import procedures.
Read a July 2023 report [PDF 190 KB] prepared by the KPMG member firm in Vietnam
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