Law on entrustment of export and import of goods in Viet Nam
Entrustment of export and import of goods usually causes disputes between the mandator and mandatory. Enterprises need to pay attention when entering into contracts, selecting partners and other arising matters to best protect their own rights and benefits.
Entrustment of export and import of goods (hereinafter referred to as “export and import entrustment”) is governed by the Commercial Law. Enterprises often encounter quite basic issues due to lack of agreement in contracts, agreement that is insufficient or not in accordance with Vietnamese and international laws.
Subjects to entrust and undertake entrustment: Export and import entrustment is carried out between traders. Vietnamese organizations and individuals other than traders may, on the basis of contracts signed in accordance with the provisions of law, entrust import or export of goods to meet their needs.
Entrusted goods: All goods, except for those on the list of goods banned or suspended from export and goods on the list of goods banned or suspended from import. In addition, the entruster (mandator) or the entrustee (mandatory) must obtain import or export permits before signing entrustment or entrustment undertaking contracts.
Export and import mandate contract: Export and import entrustment must be made in writing.
14:43, 2024/11/18
Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
The Vietnamese leader urges the aircraft manufacturer to collaborate on technology transfer, airport construction and operation, research, and investment in Vietnam.
21:55, 2024/10/22
Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
15:24, 2024/09/24
Vietnam calls for more US investment in innovation, hi-tech
The Vietnamese leader called on relevant agencies to resolve any challenges faced by investors and enhance the investment climate to encourage greater US investment in Vietnam.
14:13, 2024/09/23
Vietnamese leader urges Boeing to build production facility in Vietnam
Boeing is committed to continuing to support the development of Vietnam's aviation ecosystem, focusing on aviation infrastructure, human resources training, airport construction, and aircraft maintenance facilities.
14:38, 2024/09/17
Foreign capital pouring into Vietnam's real estate market
Experts are optimistic that the 2024 Land Law, once enacted, will help resolve legal bottlenecks and attract more FDI.