- New regulations on on-the-spot import and export were passed on June 25, 2025, by the National Assembly.
- The regulations amend the Law on Customs and the Law on Value-Added Tax.
- These changes are effective from July 1, 2025.
- On-the-spot import and export goods involve transactions within Vietnam designated by foreign traders.
- Such goods must undergo customs procedures and inspections.
- No conditions are specified for foreign traders without a presence in Vietnam to conduct tripartite transactions.
- Goods declared on customs declarations before the law’s effective date are governed by specific clauses.
- Amendments to the VAT law include defining exported goods as those sold from Vietnam to foreign entities, consumed outside Vietnam, or sold in non-tariff zones and duty-free shops.
Source: crowe.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
