On 01/11/2018, The Prime Minister issued Decision No. 43/2018/QĐ-TTg issues the system of Vietnamese products. This Decision takes effect on 20/12/2018.
Accordingly, system catalog consists of 07 levels are correspondingly encoded as follows:
– Level 1 contains 21 product categories that are encoded in alphabetical order from A to U;
– Level 2 includes the product sectors where each sector is encrypted by two numbers in each primary sector respectively;
– Level 3 includes the product sectors where each sector is encrypted by three numbers for each secondary sector respectively;
– Level 4 consists of product sectors where each sector is encrypted by four numbers in each of the corresponding tertiary industries;
– Level 5 includes the product sectors where each industry is encoded by five numbers in each of the corresponding 4 levels;
– Level 6 consists of product groups encoded by six numbers for each level 5 respectively;
– Level 7 consists of products coded in seven numbers for each level 6 respectively.
It can be seen that since the sectoral system is based on the economic sector, the issuance of a new product line system is in line with the economic sector system issued on July 6, 2018, at the same time, it contributes to the development of a system of detailed and specific product lines, meeting the development process of the market, developing more specialized and diversified as currently.