The Treasurer’s Guide to Trade Finance

Vietnam

Vietnam imports exports

Trade information

Key trading partners

Imports by origin

China 23.8%

South Korea 11.5%

Japan 10.6%

Taiwan 8.2%

EU 7.5%

Other 38.4%

Source: WTO, September 2012

Exports by destination

USA 19.7%

EU 15.8%

China 10.7%

Japan 10.7%

South Korea 4.3%

Other 38.8%

Bank accounts

ƒ Resident companies cannot hold local
currency (VND) bank accounts outside
Vietnam.

ƒ Resident companies can hold foreign currency
bank accounts within and outside Vietnam.

ƒ Non-resident companies can hold local

currency and foreign currency bank accounts

in Vietnam, but cannot hold local currency

accounts outside Vietnam.

Principal exports

Machinery and equipment, petroleum products,
steel products, raw materials for the clothing
and shoe industries, electronics, plastics and
automobiles.

Documentation

Imports

ƒ Bill of lading, cargo release order,
commercial invoice, customs import
declaration, inspection report, packing list,
terminal handling receipts, and a technical
standard or health certificate.

Exports

ƒ Bill of lading, certificate of origin, commercial
invoice, customs export declaration, packing
list, and a technical standard or health
certificate.

Licences

Imports

ƒ Car parts, motorcycles, sport guns and bullets.

ƒ Goods subject to quantitative restrictions:

eggs, tobacco, sugar and salt.

ƒ The Ministry of Trade in coordination with

the Ministry of Planning and Investment can

introduce ad hoc quantitative restrictions.

Exports

ƒ Rice, timber and some minerals.