Vietnam

EU – Vietnam Free Trade Agreement

EU – Vietnam Free Trade Agreement

Did you know that you could save money on your international shipments to and from Vietnam? The EU-Vietnam Free Trade Agreement (EVFTA) creates significant opportunities for businesses in both regions by removing duties on almost all products of EU or Vietnam origin. All it takes is a simple declaration to be added to the commercial invoice.

Learn how you could benefit from the EU-Vietnam FTA.

What’s in it for your business?

Euro

Cost savings

Duties on almost all products are removed either immediately or over time and non-tariff barriers reduced.

International

Improved access

Easier access to the Vietnamese market could mean new opportunities for your business.

Document

Simpler regulation

It is now easier for EU and Vietnam companies to work together, for example, by aligning product safety standards.

Customs

Simplified, modern customs procedures

Modern customs processes allow for quick and easy release of your goods.

NOTE: The trade agreement applies to duties, not taxes. Any applicable VAT for imports into Vietnam or the EU still needs to be paid.

How can I benefit?

To benefit from reduced or 0% tariffs, products must be of ‘EU origin’. All it takes is a declaration. No formal certificate is required. Simply add the following to your commercial invoice (or any other commercial document) along with a detailed description of the goods as you would usually do:

Sample Statement of Origin:

(Period: from___________ to __________)
 

The exporter of the products covered by this document (customs authorisation No ______) declares that, except where otherwise clearly indicated, these products are of EU preferential origin.

__________________________________
(Place and date)
 

_________________________________
(Signature of the exporter; in addition, the name of the person signing the declaration has to be indicated in clear script)

Declarations of origin will be valid for 12 months from the date it was made out for exports to Vietnam.

It is essential that the declaration is filled out correctly or it may be rejected by customs. Please consult the official text of the origin declaration, which comes with explanatory notes and is available in all applicable languages.

The customs authorisation No. is your Registered Exporter (REX) number. It is required for all shipments valued over €6000.

How to get a REX number

  • Register online with your national customs authority.

  • If you are a first-time REX user, you might want to read the REX Guidance document.

  • Once you receive it, you can add your Registered Exporter number to commercial invoices of shipments to Vietnam valued over €6000.

Goods valued €6000 or less

To benefit from reduced or 0% tariffs, products must be of ‘Vietnam origin’. For goods valued €6000 or less, a declaration from the shipper in Vietnam is all that is necessary. No formal certificate is required. Simply ensure they add the following to their commercial invoice (or any other commercial document):

Sample Statement of Origin:

(Period: from___________ to __________)
 

The exporter of the products covered by this document (customs authorisation No ______) declares that, except where otherwise clearly indicated, these products are of Vietnam preferential origin.

__________________________________
(Place and date)
 

_________________________________
(Signature of the exporter; in addition, the name of the person signing the declaration has to be indicated in clear script)

Declarations of origin will be valid for 12 months from the date it was made out for exports to the EU.

It is essential that the declaration is filled out correctly or it may be rejected by customs. Please consult the official text of the origin declaration, which comes with explanatory notes and is available in all applicable languages.

For Vietnamese exporters exporting goods under €6000, the space provided for the customs authorisation No. may be left blank.

Goods valued over €6000

Shipments from Vietnam that exceed €6000 require a statement of origin issued by the competent authorities of Vietnam.

How to obtain a certificate of origin

  • To obtain a certificate of origin, get in touch with the Vietnam Ministry of Industry and Trade or the Chamber of Industry and Commerce.

  • The specimens and requirements for the certificate of origin are set out in Annex VII to Protocol 1 of the agreement.

How can FedEx help?

FedEx airplane

Fast Intercontinental Shipping

We help your business reach its full potential. With our express parcel service, you can import from Vietnam and export to Vietnam in just 2 days*.

working on laptop

Easy Customs Tools

Make clearance easier thanks to our free tools. With FedEx Electronic Trade Documents, reduce the risk of customs delays by submitting your documentation electronically.

* Availability of services and transit times referred to may vary depending on shipment type, origin and destination. Terms and conditions apply – visit fedex.com for full details of our services.

Always make sure to check the rules and regulations of the country you’re shipping from and to prior to shipping. Please review the EU-Vietnam Free Trade Agreement for more information.