Vietnam: 06 principles of risk management in customs operation from January 01, 2020

According to Vietnam’s regulations, “adoption of risk management” refers to application of principles, procedures, measures, risk management operational techniques and information products risk management to decide and exercise decisions to perform customs inspection and supervision, post clearance examination, inspection and other operations.

Specifically, according to Article 4 of Circular No. 81/2019/TT-BTC of the Ministry of Finance of Vietnam, 06 principles of risk management in customs operation are as follows:

- Risk management information shall be collected from domestic and international information sources as per the law; jointly managed at the General Department of Customs via information technology application and processed, shared and provided for customs bodies of all levels and other regulatory agencies as per the law.

- Compliance assessment and classification of risk levels shall be performed automatically and accurately on the basis of criteria specified in this Circular.

- Decision to perform customs inspection or examination, adoption of post clearance examination, inspection or other operation depend on results of compliance assessment, classification of risk levels, risk management information on customs information system and other signs of violations, signs of risk provided at the time of deciding and adopting.

- Customs authorities shall jointly inspect, supervise and control high and moderate risks and adopt necessary measures with respect to low risks.

- In case the system is malfunctioned or fails to satisfy the request for adoption of risk management in customs operation as specified in this Circular, adoption of risk management shall be conducted manually by approving requesting documents or issuing documents by competent individuals capable of adopting customs operation measures.

- After fully complying with regulations and law, provisions under this Circular and regulations, guidelines on risk management according to titles, customs officials shall be exempt from personal responsibilities as per the law.

View more: Circular No. 81/2019/TT-BTC of the Ministry of Finance of Vietnam takes effect from January 01, 2020.

Thu Ba

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