Import Olive oil into Vietnam: Customs procedures; import duty and transportation

You want to export Olive oil 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 Olive oil to Vietnam?  Import procedures for Olive oil?

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

HS code and import duty of Olive oil in Vietnam 

HS code of Olive oil in Vietnam

In importing/exporting any commodity, In order to properly determine duties, policies, and procedures of the commodity, one of the first things needed to determine is the HS code of the commodity

Olive oil under Chapter 15: Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes

VAT and preferential import duty on Olive oil to Vietnam in 2023

HS Code	Descriptions	VAT	Preferential Import duty	Normal import tax
1509	Olive oil and its fractions, whether or not refined, but not chemically modified
150920	– Extra virgin olive oil:
15092010	– – In packings of a net weight not exceeding 30 kg	8	5	7.5
15092090	– – Other	8	5	7.5
15093000	– Virgin olive oil	8	5	7.5
15094000	– Other virgin olive oils	8	5	7.5

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 catalog, 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 the legal basis for applying the 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 Olive oil to Vietnam:

When importing Olive oil 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 Olive oil 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.

Special Preferential Import duty of Olive oil to Vietnam year 2023 under some FTAs:

HS Code	ACFTA	ATIGA	AJCEP	VJEPA	AKFTA	AANZFTA	AIFTA	VKFTA	VCFTA	VN-EAEU	CPTPP	AHKFTA	EVFTA	UKVFTA	VN-LAO
15092010	0	0	0	0	0	0	0	0	0	0	M: 0,8; #: 0	0	0	0	0
15092090	0	0	0	0	0	0	0	0	0	0	M: 0,8; #: 0	0	0	0	0
15093000	0	0	0	0	0	0	0	0	0	0	M: 0,8; #: 0	0	0	0	0
15094000	0	0	0	0	0	0	0	0	0	0	M: 0,8; #: 0	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 Olive oil banned from importing to Vietnam?

According to the current regulation, Olive oil is not in the List of prohibited imports to 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 Olive oil to Vietnam

What certificates are required in importing Olive oil to Vietnam?

Olive oil falls under the industry management of the Ministry of Industry and Trade according to Appendix IV: LIST OF PRODUCTS/PRODUCT GROUPS SUBJECT TO THE MANAGEMENT AUTHORITY OF THE MINISTRY OF INDUSTRY AND TRADE – as stipulated in Decree No. 15/2018/NĐ-CP.

When importing olive oil, to facilitate a smooth customs clearance process, the importer needs to:

Perform Self-declaration.

Conduct specialized food safety inspection (As regulated in Decision No. 1182/QĐ-BCT).

HP Global provide service for ………………..in Vietnam -> Contact ++84 984870199, email info@hpgloballtd.com

Customs procedure to import Olive oil to Vietnam:

What procedure of importing Olive oil to Vietnam? What documents are needed when importing Olive oil to Vietnam?

Customs dossier for importing Olive oil 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)
• Self-published version
• Food safety inspection results (to complete customs clearance)

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

Label for import Olive oil into 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.

In addition, for goods being food, the label needs to add the following information:

a) Quantitative;

b) Date of manufacture;

c) Expiry date;

d) Composition or ingredient quantity; nutritional composition, nutritional value (if any);

The contents and manner of recording nutritional ingredients, nutritional values and the roadmap shall comply with the guidance of the Minister of Health;

d) Warning information;

e) Instructions for use, instructions for preservation.

Select HP Global as the freight forwarder/customs broker for your shipments import Olive oil into Vietnam

HP Global is the freight forwarder with top reputation in Vietnam

• Member of WCA (top network for independent forwarders in the world
• Registered with the US Federal Maritime Commission (FMC)
• Member of VLA (Vietnam Logistics Business Association)
• A customs broker who is certified by Vietnam Customs department

We provide following services:

• Sea freight from Vietnamese ports to other countries and vice versa.
• Air freight from Vietnam Airports to other countries and vice versa
• Customs clearance service in Vietnam: Ha Noi, Hai Phong, Da Nang, Ho Chi Minh …
• Inland transportation in Vietnam: road, waterway, railway
• Consultation on the following contents: HS code, import tax, payment, product import policy, effective shipping solutions,…
• Other services: quality inspection, machinery inspection, cosmetic announcement, food supplement announcement, import, export license in Vietnam ….
• For Olive oil, we provide full services including international freight, customs clearance

→ 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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