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  Policy & Strategy

New decree on export – import management

Prime Minister Phan Van Khai last month issued Decree 12/2006/ND-CP, which detailed the 2005 Trade Law regulations on international purchasing, agents, and the transit of commodities.

This decree replaces Decree 57/1998/ND-CP dated July 31, 1998, which detailed the 1997 Trade Law regulations on the same issues. The new Decree will come into effect on May 1, 2006.

Decree 57/1998/ND-CP is considered a strong move by the Government in administrative reform. For the first time, the Decree recognizes the right of enterprises in any every economic sector to participate in importation-exportation, abolishing export-import licences for individual types of commodities which had been applied for a long time, since the State monopololised of foreign trade.

To compile Decree 57/1998/ND-CP, the Government issued annual administration measures for export-import activities by the end of 2000. On April 4, 2001, the Prime Minister issued Decision 46/2001/QD-TTg on the administration of export-import in the phase from 2001 to 2005.

Decree 12/2006/ND-CP reflects the Government’s continued determination in the administrative reform of export-import activities management.

Firstly, the Government lay out a management mechanism for export-import and administration of these activities after 2005. Export-import policy has become more stable and transparent, facilitating the formation of long-term business plans by traders in Vietnam.

Secondly, the Government has institutionalized a number of worlwide-recognized export-import management instruments including tariff quotas and automatic export-import licences. Tariff quotas have been put implemented on a trial basis since 2003 by the Government. Automatic export-import licences were officially instituted at the beginning of 2005.

Less than a month after the 2005 Trade Law came into effect, the Government issued the first Decree detailing the law’s implementation. It is hoped that other Decrees elucidating of the 2005 Trade Law will be issued in the coming time to improve the trade law system, facilitating the business of enterprises in every economic sector.

Communist Party of Vietnam - (13/02/2006)

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