Vietnam: Forms of petrol and oil temporary import for re-export

Currently, export, temporary import for re-export, border-gate transfer, export processing of petrol and oil and raw materials are one of petrol and oil trading activities regulated in Decree No. 83/2014/NĐ-CP by Vietnam’s Government.

Entities, forms and authorities competent to regulate export, temporary import for re-export, border-gate transfer, export processing of petrol and oil and raw materials are detailed in Decree No. 83/2014/NĐ-CP of Vietnam’s Government as follows:

Entities:

- Only key traders may export petrol and oil and raw materials.

- Only licensed petrol and oil importers and exporters may temporarily import for re-export and transfer from border gate to border gate petrol and oil and raw materials.

- Only petrol and oil producers may process petrol and oil for export.

Petrol and oil temporary import for re-export may take the following forms:

- Traders carry out procedures for importing petrol and oil into Vietnam and carry out procedures for exporting petrol and oil out of Vietnam;

- Traders carry out procedures for importing petrol and oil into Vietnam and sell petrol and oil to traders in separate customs zones in the Vietnamese territory such as export processing zones and enterprises, tax suspension zones, commercial and industrial zones and other economic zones established under the Prime Minister’s decisions which stipulate that goods trading and exchange relations between these zones and the inland are import and export relations, unless otherwise prescribed by the Prime Minister.

Moreover, traders carrying out procedures for import of petrol and oil into Vietnam for sale to the following subjects may also be subject to regulations on petrol and oil temporary import for re-export:

- Airplanes of foreign airlines arriving at Vietnamese airports and airplanes of Vietnamese airlines in outbound flights on international air routes;

- Foreign seagoing ships arriving at Vietnamese ports and Vietnamese seagoing ships in outbound voyages on international sea routes.

Competent authorities:

View other regulations at Decree No. 83/2014/NĐ-CP of Vietnam’s Government, effective from November 01, 2014.

Thu Ba

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