For Market Authorization (MA) Licenses, issued under Decree 98/2021, the License Holder may designate the responsibility to a properly licensed importer by issuing an authorization letter and providing the product’s MA licenses to help clear the shipment through customs.
The VietNam importing process for medical devices is similar as in other countries with submission of shipping documents, payment of import tax (if any depending on HS code, usually 0% for medical devices), payment of VAT (10% on goods and services, 5% for medical devices as per Circular 30 list), etc. Shipping rates will vary significantly by mode and point of origin; and should be known to manufacturers. Customs Clearance charges should not exceed 1% of Cost of Goods.
A source of common delays can be:
- Discrepancies or inconsistency with HS Code (when using different Freight Forwarders)
- Inconsistency between shipments with the value of goods
- Shipments containing expired and valid items as Customs does not allow for partial clearance
- Discrepancies between registered product label and actual product label
Contact Asia Actual for more information on our VietNam License Holding and import support services.
Vietnam’s MOH Holds Conference on Price DeclarationApril 11, 2022 - 1:13 pm
