Business
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.
Furthermore, it is also essential for enterprises to give heed to matters that may arise after giving or receiving mandate:
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.
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.
