PROCEDURES FOR EXPORTING MACHINERY AND EQUIPMENT AT SMARTLINK

In recent years, the procedures for exporting machinery and equipment to the Vietnamese market have seen significant improvements. Thanks to the signing of numerous free trade agreements, import taxes have been reduced to 0-5%, creating favorable conditions for exporting machinery and equipment. Smart Link provides detailed information on the procedures for exporting machinery and equipment, helping businesses seize business opportunities in this field.

Machinery and Equipment Export Situation in Vietnam

According to data from the General Department of Customs, in the first 10 months of 2022, the total export turnover of Vietnam’s machinery and equipment industry reached $38.17 billion, an increase of 27.65% compared to the same period in 2021, accounting for 12.2%.

The United States is Vietnam’s largest export market with a total turnover of $16.84 billion, an increase of 26.06% compared to the same period in 2021, accounting for 44.12% of Vietnam’s total machinery and equipment export turnover. The EU-27 market bloc ranks second with a proportion of 12.37%, followed by China, ASEAN, South Korea, and Japan.

Machinery and equipment exports continue to grow strongly. The comprehensive and effective implementation of trade agreements will continue to promote Vietnam’s exports. Vietnam’s machinery and equipment items will be exported to partner markets with preferential tariffs, boosting export growth in the future.

Customs Procedures and Documents for Exporting Machinery and Equipment

Legal Policy Machinery and equipment are not among the items prohibited from export or subject to conditional export under Clauses 1 and 2, Article 5, and Annex I of Decree No. 187/2013/ND-CP of the Government, which stipulates the list of goods prohibited from export and import. Therefore, businesses can export machinery and equipment as regular goods.

HS Code and Export Tax

Export machinery and equipment at Smart Link Logistics

Machinery and equipment fall under chapters 84 and 85 of the HS Code:

Chapter 84: Nuclear Reactors, Boilers, Machinery and Mechanical Appliances; Parts Thereof
Chapter 85: Electrical Machinery and Equipment and Parts Thereof; Sound Recorders and Reproducers, Television Image and Sound Recorders and Reproducers, and Parts and Accessories of Such Articles.

Export Tax on Machinery and Equipment to Note:

VAT: 10%.
Preferential export tax will have specific levels depending on the type of machinery.

Customs Dossier for Exporting Machinery and Equipment:

Commercial Invoice
Packing List
Bill of Lading
Certificate of Origin (C/O)
Other documents (depending on the type of machinery and equipment)

For Used Machinery and Equipment, Additionally Prepare:

Inspection certificate from an inspection organization
Manufacturer’s confirmation of production year and production standards

Notes on Exporting Used Machinery and Equipment

The lifespan of machinery and equipment should not exceed 10 years, typically between 5 – 10 years.
The inspection certificate must comply with TCVN or QCVN regulations, meeting criteria for energy saving, safety, and environmental protection.

Businesses need to fully present:

Assembly diagrams if the equipment is disassembled
Detailed information about the manufacturer, machine labels
Comprehensive inspection certification
Operating diagrams of the machine and other components

The export of used machinery and equipment must fully comply with local, regional, or international tax, fee, and customs procedures regulations. These products also need to be certified for quality and condition by relevant authorities before export, and have all the necessary documents related to usage and maintenance.

The above is all the information about the export procedures for machinery and equipment that Smart Link wants to provide to businesses. This sector remains one of the leading export sectors in Vietnam. We hope the information from Smart Link will be useful for your business’s machinery and equipment exports. If your business needs a reputable unit to perform all export procedures, please contact Smart Link for the fastest consultation.

Hotline: + 84 935 766 039 to know more about our services

If you require assistance with international import and export of goods, please contact our team at Smartlink Logistics. We are available to provide you with professional guidance on our services and the necessary customs procedures.

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