Vietnam: Fundamental contents of goods traded at border markets

15:58, 21/05/2018

According to Decree No. 14/2018/ND-CP of Vietnam’s Government, goods traded at border markets shall be goods allowed to be sold in Vietnam according to regulations of law.

Goods traded at border markets shall comply with the provisions stated in Decree No. 14/2018/ND-CP of Vietnam’s Government.

Concurrently, Decree No. 14/2018/ND-CP also specifies the quarantine of goods traded at border markets as follows:

- Goods traded at border markets shall undergo health quarantine; quarantine of plants, animals or aquatic products shall be quarantined in accordance with regulations of law thereon.

- Goods traded at border markets shall undergo food safety and food quality inspection.

- Goods imported from a neighboring country for sale at a border market shall undergo quarantine by a quarantine authority at the checkpoint of import.

Goods exported from a border market to a bordering country shall undergo quarantine as prescribed by law.

Traders, organizations, household businesses and individuals doing registered business at border markets shall conform to regulations of Vietnam law on taxes, fees and charges, such as: VAT, corporate income tax, excise tax, licensing fees and other taxes and fees (if any).

View more details: Decree No. 14/2018/ND-CP of Vietnam’s Government was issued on January 23, 2018 and effective from the date of issuance.

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