Foreign-invested enterprises already licensed to import goods may sell imported goods to different licensed distributors of goods of these types instead of being allowed to sell goods to sole distributors as currently prescribed.
Foreign-invested enterprises already licensed to import goods may sell imported goods to different licensed distributors of goods of these types instead of being allowed to sell goods to sole distributors as currently prescribed.
This is the most noteworthy point of the Ministry of Industry and Trade Circular No. 05/2008/TT-BTC of April 14, amending the former Ministry of Trade Circular No. 09/2007/TT-BTM of
According to the Ministry officials in charge of the domestic market, the new regulation would help remove restrictions on commercial rights of foreign-invested enterprises as committed by the country for WTO accession, allowing each of these enterprises to have many domestic distributors which have made business registration or obtained the right to distribute specified groups of imports.
The circular also provides that foreign-invested enterprises that have already been licensed to import goods but not yet obtained the distribution right may not set up their own distribution agents. They must send quarterly reports on traders buying their imported goods to licensing authorities.
(Source: VNLaws)
