DHL VIETNAM FACT SHEET · DHL Vietnam Fact Sheet 3 For more information If you need support or...
Transcript of DHL VIETNAM FACT SHEET · DHL Vietnam Fact Sheet 3 For more information If you need support or...
Country Facts
Currency Vietnamese dong (VND)
GDP US$138 billion
Area 331,210 sq km
Population 92.4 million
Capital City Hanoi
Ethnic Groups Kinh (Viet) 85.7%, Tay 1.9%, Thai 1.8%, Muong 1.5%, Khmer 1.5%, Mong 1.2%, Nung 1.1%, others 5.3% (1999 census)
Languages Vietnamese, English, French, Chinese, Khmer
Source: CIA World Factbook
Gateways
Service Centres
Ho Chi Minh CityBien Hoa
Hanoi
Hue
Nam Dinh
Hai Phong
Vung Tau
Da Nang
OVERVIEW
Over the past decade, Vietnam’s GDP growth has been second
only to China. Vietnam joined the World Trade Organization
(WTO) in 2007. In 2013, Vietnam’s GDP increased 5.4 per
cent and 6 per cent growth is forecast each year from 2014 to
2017, on average. For the longer term, Vietnam’s economic
growth and development is expected to follow that of China.
Vietnam’s government recognises the need for reforms and
increased transparency to make the country more attractive
for international businesses. Promising sectors include power,
oil and gas as Vietnam is Southeast Asia’s third-largest oil
producer, mass transport and healthcare.
Vietnam has Free Trade Agreements (FTAs) with partners
including China, Japan, Australia and Chile. Negotiations for
an FTA with the EU, the US and Russia are underway.
The EU works closely with Vietnam under the framework of
a Partnership and Cooperation Agreement. Bilateral trade
between Ireland and Vietnam reached €180 million in 2010
and Irish companies currently doing business in Vietnam
include ESB International, PM Group and Trinity Biotech.
Ireland’s Minister for Trade and Development visited Vietnam
in 2010 to assess the impact of Ireland’s development aid
programme and further trade between Ireland and Vietnam.
In the education sector, Ireland and Vietnam launched a
cooperation agreement in 2011 to increase the number of
Vietnamese university students in Ireland, which stood at
100,000 in 2010. Enterprise Ireland organised an education
mission to Vietnam in 2012. Ireland also continues to support
demining and bomb clearance in Vietnam.
Source: GOV.UK, Ireland Department of Foreign Affairs and Trade.
DHL VIETNAM FACT SHEET
DHL Vietnam Fact Sheet 2
Imports into Vietnam
US$114.3 billion (2012 est.)
Import commodities: Machinery and equipment, petroleum
products, steel products, raw materials
for the clothing and shoe industries,
electronics, plastics, automobiles.
Top Import Origins: China, Germany, Singapore, Malaysia, Japan, Netherlands, Hong Kong, France and Thailand.
DUTY FREE ALLOWANCE: 1,000,000 DONG
Ha Noi Document: 2 days Dutiable Shipment: 3-5 days depending on value
Hue Document: 5 days Dutiable Shipment: 6-8 days depending on value
Nam Dinh Document: 3 days Dutiable Shipment: 4-6 days depending on value
Ho Chi Minh Document: 2 days Dutiable Shipment: 3-5 days depending on value
Da Nang Document: 3 days Dutiable Shipment: 4-6 days depending on value
Ireland to Vietnam Transit TimesThe times provided for dutiable shipments are based on the time expected for customs in Vietnam to clear the shipment – this is dependent on the value of the shipment.
TRADE INFORMATION
Source: DHL, CIA World Factbook
Gateways into the country: 2 (SGN & HAN)
Number of Service Centres: 7
DHL Delivery Zone: 9
Fleet: 114 vehicles
Exports from Vietnam
US$114.6 billion (2012 est.)
Export commodities: Clothes, shoes, electronics, seafood,
crude oil, rice, coffee, wooden
products, machinery
Top Export Destinations: Russian Federation, Japan, UK, US, Germany, China, Hong Kong and France.
Ireland’s top five exports to Vietnam are:
1. Power-generating machinery and equipment2. General industrial machinery and equipment3. Medical and pharmaceutical products4. Professional and scientific instruments5. Miscellaneous manufacturing articles
Ireland’s top five imports from Vietnam are:
1. Footwear 2. Clothing accessories3. Furniture, bedding and mattresses4. Miscellaneous manufactured goods5. Coffee, tea and cocoa
Ireland is the third-largest EU investor in Vietnam
Source: UKTI’s Doing Business in Vietnam Guide
DHL FACTS
DHL Vietnam Fact Sheet 3
For more information
If you need support or advice on trading with Vietnam, help is available.
Contact the DHL Express team on 1890 725 725 (+353 1 870 0790 if you’re calling from outside of the Republic of Ireland).
Visit www.dhlguide.ie for international trade information
Chambers Ireland or your local Chamber of Commerce www.chambers.ie
Enterprise Ireland www.enterprise-ireland.com
Irish Exporters Association www.irishexporters.ie
PROHIBITED ITEMS
The list below is in addition to DHL’s standard list of prohibited items.
Valid from: 08/2014
• Prohibited Items• Antiques• Asbestos• Dangerous goods, hazardous or combustible materials• Firearms, and parts of• Furs• Ivory• Jewellery• Pornography• Precious metals & stones• Used and secondhand items, especially technology
appliances/components/parts• Publications (including diaries, calendars, maps) that
reference ‘South China Sea’ will be destroyed by Customs
DUTY FREE ALLOWANCE
1,000,000 Dong based on CIF value (Cost, Insurance &
Freight value). Shipments up to this value are exempt from
duty, but VAT and Special Sales Tax may still apply.
ESSENTIAL CUSTOMS INFORMATION
Top Tip: Commercial Invoice must clearly state itemised
products and value. The term of trade (the incoterm rule)
must also be stated on the invoice. If an Incoterm rule isn’t
stated then a local Freight charge will be applied to the
shipment for tax and duty calculations.