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blue-check FDI enterprises are not allowed to perform the business activity of temporary import for re-export

Official letter No. 648/XNK-CN dated October 21st, 2022 of the Ministry of Industry and Trade regarding foreign-invested business entities' importing goods then exporting the goods without undergoing processing, working
Posted: 2/11/2022 11:33:21 AM | Latest updated: 8/11/2022 2:28:38 PM (GMT+7) | LuatVietnam: 5576 | Vietlaw: 586
VietlawOnline

Based on the Law on Foreign Trade Management, Decree No. 09/2018/ND-CP and Decree No. 69/2018/ND-CP, the Ministry of Industry and Trade assumes that the scope of importation or exportation right of foreign direct investment (FDI) enterprises does not include the business activity of temporary import for re-export.

Accordingly, FDI enterprises are not allowed to perform business activity of temporary import of goods then exporting the goods abroad without undergoing processing, working.

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 586

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