Import bicycle Into Vietnam
You want to import bicycle into Vietnam? You are not living in Vietnam and want to export bicycle to Vietnam? You need to calculate freight from export warehouse to Vietnam? You are looking for a qualified trust freight forwarder to handle your shipment? You want to know about Vietnam’s procedure and import duties on importing bicycle to Vietnam?
In this article, Logistics HP Global Vietnam, whose many years in providing freight and logistics services export bicycle commodity from Vietnam, share knowledge and advise on above issues.
HS code of bicycle in Vietnam
In importing/exporting any commodity, In order to properly determine duties, policies, procedures of the commodity, one of the first thing needed to determine is the HS code of the commodity
Bicycle’s HS code Chapter 82 – Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal
|8712||Bicycles and other cycles (including delivery tricycles), not motorised.|
|87120010||– Racing bicycles|
|87120020||– Bicycles designed to be ridden by children|
|87120030||– Other bicycles|
The classification of a product to a certain HS code is based on the nature, composition, …. of the actual imported commodity at the import time, based on catalogue, technical documents (if any) or /and decided by the Customs Department of Commodity Verification. The actual inspection results of the Customs and announcement by the Customs Department of Commodity Verification are legal basis for applying HS code to imported good. Importers are ultimately responsible for ensuring that the products are correctly classified.
>>For more information about this content, please refer to the article Definition of HS code in Vietnam
Ban on import, export
According to the current regulation, bicycle is not in the List of prohibited imports into Vietnam, so the enterprise can do the import procedure pursuant to current stipulations.
>>For more information, read the article List of prohibited imports into Vietnam
Policy on importing bicycle
Governmental management on bicycle
There isn’t no any special governmental management policy on importing bicycle
Management on declaration value
Bicycle is in the list of management on declaration value
Customs procedure of import bicycle into Vietnam
With no special governmental management policy, customs procedure of importing bicycle into Vietnam is the same as other common commodities.
Customs dossier for importing bicycle:
If there is no policy:
- Commercial Invoice (Commercial Invoice)
- Packing List (Goods packing slip)
- Bill of lading (Bill of Lading)
- Certificate of origin (Certificate of origin – in case the importer wants to enjoy special preferential import tax)
- Other documents (if any)
Label for import bicycle
According to current stipulation, cargo imported into Vietnam need to have sufficient label
Imported goods need to be fully labeled according to current regulations.
Goods labels must show the following contents:
- a) Name of goods;
- b) Name and address of the organization or individual responsible for the goods;
- c) Origin of goods;
- d) Other contents according to the nature of each type of goods
Duties, Taxes on importing bicycle
When importing bicycle, the importer needs to pay import duty and value added tax (VAT).
VAT on bicycle: 10%
Preferential import tax rate on bicycle: 5 – 45%
Currently, Vietnam have signed FTA with more than 50 countries in the world. In case Bicycle is imported from countries with free trade agreements with Vietnam, they may enjoy special preferential import duties if they meet the conditions set by the agreement.
>> To check whether your country and Vietnam have MFN (Most favoured nation) and FTA (Free Trade Agreement), you can check at the article: Overview Of Trade Relations Between Vietnam And The World
Select HP Global as the freight forwarder/customs brokerage for your shipments import Bicycle into Vietnam
Due to following reasons, we believe that Logistics HP Global Vietnam is the right choice for your shipments
Widely transportation networks can handle cargo from all over the world to Vietnam
Logistics HP Global Vietnam is a member of WCA – the world’s largest and most powerful network of independent freight forwarders with nearly 10,000 members with payment guarantee. Therefore, we can handle door to door delivery, port to port, port to door … from almost 200 countries in the world with competitive prices and many choices of services.
A strong team with experienced experts
Our expert team has worked in logistics for more than 10 years, we do not only have experience in freight forwarding, we are also experts in customs clearance. HP Global is Customs Agency approved by Vietnam Customs (Decision No. 3629/QĐ-TCHQ)
Non-stop endeavour for customers’ satisfy
We always keep the highest professional ethics with core value: Integrity- Dedication- Intelligence and we cooperate with customers as a friend, a staff and an adviser.
Philosophy of business: Commitment. In an increasingly fierce and diverse competitive environment, besides essentials ensure excellent service at affordable prices; We always keep our commitment and put our trust first. HP Global committed to accompanying customers to each shipment in any circumstance, whatever shipment has been made with Global HP, we will accompany that shipment until the shipment finishes with in any case
Contact us if you want a quotation or advices on import duties, procedure for your shipment import Bicycle to Vietnam
Logistics HP Global Vietnam
Freight forwarder and Customs Brokerage
Room 2308, CT2 Van Khe, La Khe, Ha Dong, Hanoi
Phone: ++84 24 73008608 / Hotline: ++84 984870199/ ++84 8 8611 5726
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