On November 12, 2019, the Ministry of Industry and Trade issued Circular No. 22/2019 / TT-BCT providing regulations on temporary suspension of trading in border-gate transfer and temporary import of plywood into Vietnam for re-export to the United States. Circular 22/2019 / TT-BCT takes effect from November 14, 2019.
Accordingly, temporarily suspending business of transiting border gate, trading in temporary import for re-export of plywood:
Suspension of import-export business or temporary import into Vietnam for re-export to the US for plywood goods of heading HS 44.12 according to Vietnam’s List of Export and Import Goods issued together with Circular Circular No. 65/2017 / TT-BTC dated June 27, 2017 of the Ministry of Finance.
For plywood shipments that have undergone temporary import or border-gate customs clearance before the effective date of this Circular, they may continue re-export or border-gate transfer according to the provisions of Decree No. 69/2018 / ND -CP of May 15, 2018 of the Government detailing a number of articles of the Law on Foreign Trade Management and current regulations.
In the context that plywood products imported from China are subject to anti-dumping and anti-subsidy duties, the import tax has been raised by 10-25%, the objective of the circular is to strengthen the management of wood export. Glued to the United States to prevent trade frauds on the origin of goods, illegally conveying goods, leading to the risk that the US may apply tightening management measures to Vietnam’s plywood exports. negative on domestic production and affecting the interests of businesses operating in accordance with the law.