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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Monday, April 7, 2025

New rules simplify import procedure for used high-tech lines

By N. Tan

Must read

HCMC – Hi-tech firms, projects applying high technology and projects entitled to special investment incentives pursuant to the Investment Law are subject to a simplified procedure for importing used technological lines.

The above entitlement is provided in Decision 28 of the Prime Minister, which revises Decision 18 relating to importing used machinery, equipment and technological lines.

The new decision, valid from March 1, 2023, supplements regulations on importing used technological lines for related enterprises and projects.

Under Decision 28, the time limit for enterprises to file inspection certificates to the customs department shall not exceed 12 months from the date of importing the first consignment of the technological line for storage purposes, instead of one month as stipulated in Decision 18.

Besides, Decision 28 allows enterprises to extend the inspection certificate submission in case the complicated technological lines require additional installation, operation and inspection time.

During the storage period, businesses can only operate the technological lines for inspection rather than manufacturing purposes.

If technological lines fail to meet the required standards, enterprises will be subject to an administrative penalty from the customs department and required to re-export those technological lines.

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