Recently, the Ministry of Industry and Trade issued Circular 40/2015/TT-BCT implementing the Rules of Origin under the Vietnam - Korea Free Trade Agreement.
06 conditions for meeting C/O issued by the exporting member organization (illustrative image)
Appendix IV regarding the issuance and verification process of origin, promulgated together with Circular 40/2015/TT-BCT, stipulates that the C/O issued by the C/O Issuing Organization of the exporting member shall be based on the application of the manufacturer or exporter or the authorized person. The C/O must meet the following 06 conditions:
Notes: The C/O can be issued before or at the time of shipment, or within 3 working days from the date of shipment. In exceptional cases where the C/O is not issued before or at the time of shipment, or within 3 working days from the date of shipment due to an unintentional error or valid reason, the C/O can be issued later but not exceeding 1 year from the date of shipment and must bear the statement “ISSUED RETROACTIVELY.”
Details can be found at Circular 40/2015/TT-BCT which is effective from December 20, 2015.
Ty Na
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