Circular No. 04/2006/TT-BTM: Guiding international purchase and sale, agency, processing and transit of goods

The Circular affirms the right of traders with or without foreign direct investment capital and Vietnam-based branches of foreign traders to conduct activities of import, export, temporary import for re-export, temporary export for re-import, border-gate transfer, processing, purchase and sale agency and transit of goods according to current regulations

This Circular, issued on April 6 by the Trade Ministry, guides a number of contents of Government Decree No. 12/2006/ND-CP of January 23, 2006, detailing the Commercial Law regarding international purchase and sale of goods and activities of purchase and sale agency, processing and transit of goods with foreign parties.

The Circular affirms the right of traders with or without foreign direct investment capital and Vietnam-based branches of foreign traders to conduct activities of import, export, temporary import for re-export, temporary export for re-import, border-gate transfer, processing, purchase and sale agency and transit of goods according to current regulations. It also specifies goods banned from import and export, goods imported or exported under the Trade Ministry’s permits, goods  imported or exported under specific regulations, goods eligible for temporary import for re-export, goods eligible for temporary export for re-import, border-gate transfer, processing of goods involving foreign elements, transit of goods through the Vietnamese territory as well as procedures therefor.

This Circular supersedes the Trade Ministry’s Circular No. 11/2001/TT-BTM of April 18, 2001, and the Trade Minister’s Decisions No. 1311/1998/QD-BTM of October 31, 1998, and No. 2504/2005/QD-BTM of October 10, 2005.

(Source: Vietnam Law)