The Law on Customs issued by the National Assembly in June and due to take effect on January 1, 2015 demonstrates the efforts of the government in reforming customs procedures. However, many issues will need to be clarified. Baker & McKenzie Vietnam partner Nguyen Lan Phuong and senior trade practitioner Tran Ngoc Trung take a look at the issues.
This has been excerpted from a 29 July 2014 article by Vietnam Investment Review and is available in its entirety at:
http://www.vir.com.vn/news/en/corporate/new-customs-law-expectations-met.html