Vietnam: Criteria for identification of green channel traders

According to Article 4 of Circular No. 15/2018/TT-BCT of the Ministry of Industry and Trade of Vietnam, a trader applying for preferential C/O will be eligible for green channel if such trader:

- is certified as a prestige exporter by the Ministry of Industry and Trade; or

- is certified as eligible for preferential customs treatment by the Ministry of Finance; or

- satisfies the following requirements:

+ The trader has not violated the rule of origin in the last 2 years before the day applying for preferential C/O through the green channel;

+ The trader has a document archiving system (both physical and electronic documents) as proof of the authenticity of the C/Os and origin of goods during the archiving period specified in Decree No. 31/2018/ND-CP of Vietnam’s Government;

+ The trader has applied for at least 30 preferential C/Os per year on www.ecosys.gov.vn.

Besides, Circular No. 15/2018/TT-BCT also specifies benefits of green channel as follows:

* With regard to application for preferential C/O

A green channel trader will be exempted from providing some documents in the application for preferential C/O prescribed in clause 1 Article 15 of Decree No. 31/2018/ND-CP, specifically as follows:

- Only the physical documents prescribed in point a and b in clause 1 in Article 15 of Decree No. 31/2018/ND-CP are required;

- Electronic documents prescribed in point c through e in clause 1 in Article 15 of Decree No. 31/2018/ND-CP may be submitted;

- Other documents prescribed in point g through i in clause 1 in Article 15 of Decree No. 31/2018/ND-CP are not required.

* With regard to late submission of documents

A green channel trader may submit the documents prescribed in clause 3 in Article 15 of Decree No. 31/2018/ND-CP within 45 working days from the day on which the C/O is issued.

* With regard to time for issuing preferential C/O

A physical application for preferential C/O submitted by a green channel trader will be processed within 6 working hours from the moment the satisfactory application is received.

* With regard to physical inspection of goods and site inspection of production facilities

Green channel traders are exempted from physical inspection of goods and site inspection of production facilities when applying for preferential C/O.

View more: Circular No. 15/2018/TT-BCT of the Ministry of Industry and Trade of Vietnam takes effect from August 15, 2018.

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