PROCESS OF IMPORTING CHINA COMMODITIES FROM A-Z
China is on top of the list of export/import commodities of Vietnam. Most items now can be found in this billion-populated country. Therefore, China becomes an extremely large source of commodities for business by company, household and individuals businesses. So, how is the process of importing commodities from China to Vietnam, let's find out with MDCT Logistics right here!
1. Why should you import commodities from China?
Importing commodities from China brings many benefits to businesses, resulting in this industry becoming a highly profitable and popular field.
- Almost products can be manufactured in China
- Development of production technology, available materials, workforce abundant help to reduce production cost and goods prices.
- Vietnam has a long border with China so transportation becomes easier.
- Vietnam and China are each other's important partners and have many positive trade policies so procedures for importing commodities are quite simple.
2. The process of importing commodities from China to Vietnam
2.1. Finding suppliers and referring to prices
After indicating products, finding supplies is extremely important. You can indicate information:
- Company size, specific address and contact method
- The company's main export market
- Famous products
- Quality of commodities, packaging specifications, production time and product shelf life
- Price and payment method
To avoid risks, after evaluating the above factors, you should import samples of that supplier first to check the reality. If the products are correct with the information provided by suppliers and suit your necessities, then you will buy in bulk.
2.2. Ordering commodities
Depending on the negotiation between the parties, there are different ways of ordering, through contracts or orders. The required information in a contract/order includes:
- Seller Information: Company’s name, address, telephone number, and company representative
- Buyer Information: Company’s name, address, telephone number, and company representative
- Commodities information: Name, model, size, specification and quantity of commodities, unit price and total order value
- Payment and delivery conditions
- Delivery time
In an import document, a commercial contract is a mandatory document so you should prepare a contract carefully with all the above conditions.
2.3 Selecting the transportation method
The transportation of commodities from China to Vietnam currently has many methods such as land, sea, and air. And each method has its own advantages and disadvantages. Depending on the type of commodities, the distance to be transported and your wishes, you can choose the appropriate type of transport.
The transport service from China to Vietnam are very developed. There are many experienced and reputable transport agent you can choose to get the most complete consultant and quotation for all of costs. This will help you save time and avoid costs incurred when you are not sure about the transportation and customs clearance between the two countries.
2.4. Preparing import documents
In importing commodities, importing documents is extremely important to your products can be brought into Vietnam. Prepared documents include:
- Commercial contract
- Commercial invoice
- Packing list
- C/O form E (if any)
- Import License
The above documents need to be original documents or be drafted before the official release to avoid errors, prolong time, and may incur costs of waiting, and storage at border gates or ports.
2.5 Declaration and customs clearance of commodities
The importer will have to register a declaration account with the customs office. Then, the importer will perform the declaration steps for its commodities on the customs system. If the commodities are not on the special list or need to be inspected, right after the customs declaration and tax payment is completed, you can proceed to pick up the commodities.
2.6 Pick up and transport commodities to domestic warehouse
After the commodities have been cleared, you can carry commodities to your warehouse. If your business has specialized means of transport, you can simply use a customs clearance service to save on domestic transportation costs.
3. Notes on importing commodities from China to Vietnam
Importing commodities from China to Vietnam is simple, but there are many steps and many things to note. So, if your business imports commodities for the first time or does not have purchasing and transporting staff, you should choose a forwarder to perform the above tasks.
Coming to MDCT Logistics, you will not only be advised the best transportation between China and Vietnam with reasonable costs, and fast customs clearance but you can also be introduced and connected with the most prestigious suppliers. MDCT Logistics will always accompany you in the international import business.
