Import Primary phenolic resin to Vietnam Customs procedures; import duty and transportation

You want to export Primary phenolic resin to Vietnam? You need to calculate freight from export warehouse to Vietnam? You want to know about Vietnam’s procedure and import duties on importing Primary phenolic resin to Vietnam?  Import procedures for Primary phenolic resin?

In this article, Logistics HP Global Vietnam, whose many years in providing freight and logistics services import Primary phenolic resin from many countries to Vietnam, will share knowledge and advise on above issues.

HS code and import duty of Primary phenolic resin in Vietnam

HS code of Primary phenolic resin 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

Primary phenolic resin under Chapter 39: Plastics and articles thereof

VAT and preferential import duty on PRIMARY PHENOLIC RESIN to Vietnam in 2023

HS Code	Descriptions	VAT	Preferential Import duty	Normal import tax
390940	– Phenolic resins:
39094090	– – Other	10%	3%	4.5%

 

The classification of a product to a certain HS code is based on the nature, composition, …. of the actual exported 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 goods. Importers are ultimately responsible for ensuring that the products are correctly classified.

Our above advised HS codes are for reference only.

→ For more information about this content, please refer to the article Definition of HS code in Vietnam

Duties, Taxes on importing Primary phenolic resin to Vietnam:

When importing Primary phenolic resin to Vietnam, the importer needs to pay import value added tax (VAT) and Import duty. The above table shows VAT and Preferential Import duty based on HS code

Currently, Vietnam have signed FTA with more than 50 countries in the world. In case Primary phenolic resin 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

Import duty from some major markets that export Primary phenolic resin to Vietnam:

Below is table of preferential import duty/ special preferential import duty on Primary phenolic resin to Vietnam from some major markets:

HS Code	Descriptions	ACFTA	ATIGA	AJCEP	VJEPA	AKFTA	AANZFTA	AIFTA	VKFTA	VN-EAEU	CPTPP	AHKFTA	EVFTA	UKVFTA
390940	– Phenolic resins:
39094090	– – Other	0	0	0	0	0(-PH)	0	0	0	3	0	0	0	0

→ 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

Are Primary phenolic resin banned from importing to Vietnam?

According to the current regulation, Primary phenolic resin 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

Governmental management on importing Primary phenolic resin to Vietnam

What certificates are required in importing Primary phenolic resin to Vietnam?

There isn’t no any special governmental management policy on importing Primary phenolic resin to Vietnam

Customs procedure to import Primary phenolic resin into Vietnam:

What procedure of importing Primary phenolic resin to Vietnam? What documents are needed when importing Primary phenolic resin to Vietnam?

Customs dossier for importing Primary phenolic resin commodity normally are as below:

• Commercial Invoice (Commercial Invoice)
• Bill of lading (Bill of Lading)
• Certificate of origin (Certificate of origin – in case the importer wants to enjoy special preferential import tax)
• In some cases: Packing List (Goods packing slip)

→ Contact us for inbound and outbound shipment to / from Vietnam – Email: info@hpgloballtd.com

Label for Primary phenolic resin mported to Vietnam:

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

Freight Shipping For Primary phenolic resin To Vietnam

HP Global Vietnam – Freight Fowarder provide sea, air freight and customs brokerage, import – export license service for cargo transportation from Vietnam to the world and vice versa

Shipping time by sea and by air

To check the time and freight for specific point to point, you can email to info@hpgloballtd.com or call/Zalo to ++8488-611-5726;++84 984870199

Select HP Global as the freight forwarder/customs broker for your shipments import Primary phenolic resin into Vietnam

HP Global is the freight forwarder with top reputation in Vietnam

→ Contact us for freight and inbound and outbound services for shipments to / from Vietnam – Email: info@hpgloballtd.com

You may concern:

• Overview Of Trade Relations Between Vietnam And The World
• Overview of Vietnam Seaports
• Import Cosmetics to Vietnam: Procedure and Duty

 For consultation and quotation for cargo import to and export from Vietnam, contact us as below details

Logistics HP Global Vietnam

Freight forwarder, Customs Broker and Vietnam Import/export license

Building No. 13, Lane 03, N003, Van Khe, La Khe, Ha Dong, Hanoi

Website: hpgloballtd.com / hptoancau.com

Email: info@hpgloballtd.com

Phone: ++84 24 73008608 / Hotline: ++84 984870199/ ++84 8 8611 5726

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