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Guide to the Certificate of Origin for Exports to Vietnam
Category: DocumentationDate: December 1, 2024, 09:30
Home?Documentation? Guide to the Certificate of Origin for Exports to Vietnam
In recent years, with the deepening of regional economic cooperation, the trade relationship between China and Vietnam has been continuously upgraded. For enterprises exporting from China to Vietnam, choosing the rightIt is recommended to verify through the following methods:documents can not only help with smooth customs clearance but also enable them to enjoy the tariff reduction and exemption preferential policies given by Vietnam. At present, the main certificates of origin available for export to Vietnam are the RCEP Certificate (Regional Comprehensive Economic Partnership Agreement) and the Form E Certificate of Origin (Certificate of Origin for the China - ASEAN Free Trade Area).
I. RCEP Certificate of Origin
The Regional Comprehensive Economic Partnership Agreement (RCEP) is a free trade agreement covering 15 member states, including China, Japan, South Korea, Australia, New Zealand, and the 10 ASEAN countries. RCEP officially came into effect on January 1, 2022, providing more conveniences and preferential measures for trade among member states. The RCEP Certificate of Origin is an important document to prove that the exported goods meet the RCEP rules of origin. Goods holding this certificate can enjoy tariff reduction and other trade preferences among member states.
Scope of Application
The RCEP Certificate of Origin is applicable to goods exported from China to Vietnam and meeting the RCEP rules of origin. These goods can enjoy tariff reduction and other trade facilitation measures given by Vietnam.
Rules of Origin
Fully Obtained or Produced: Goods must be fully produced within China or an RCEP member state without using raw materials from non - member states.
Partially Produced: If raw materials from non - member states are used, the processing of the goods must meet specific value - added ratios or processing standards.
Accumulation Rule: Allows the accumulation of raw materials and processing value among RCEP member states to meet the origin criteria.
Issuance and Application Process
The application process for the RCEP Certificate of Origin mainly includes preparing application materials, filling out the application form, submitting for review, paying relevant fees, and collecting the certificate. When applying, it is necessary to ensure that the goods meet the RCEP origin standards to avoid affecting the enjoyment of tariff preferences due to non - compliance with the origin.
II. FORM E Certificate of Origin
The Form E Certificate of Origin is a specific - format certificate of origin issued based on the Agreement on the China - ASEAN Free Trade Area (ACFTA). This certificate is used to prove that goods exported to ASEAN member states (including Vietnam, Malaysia, Indonesia, Thailand, the Philippines, etc.) are produced in China or other member states, so as to enjoy the tariff reduction and exemption preferential policies given by these countries.
Scope of Application
The Form E Certificate of Origin is applicable to eligible goods in the trade between China and the ten ASEAN countries.import and exportGoods applying for the Form E must meet the corresponding rules of origin to enjoy preferential treatment.
Rules of Origin
Goods must be completely produced and manufactured in China or an ASEAN member state, or processed and manufactured using raw materials from these countries.
For goods that are not fully produced, their processing must reach a certain value - added ratio or meet specific processing standards.
Application Process
Prepare Materials: Including copies of commercial invoices, packing lists,L/C(if any), production certification documents, etc.
Fill out the Application Form: The Form E application form needs to be filled out in detail, including information such as product description, HS code, quantity, value, etc.
Submit for Review: Submit all documents to the local Council for the Promotion of International Trade or Bureau of Commerce for review.
Pay Fees: Pay the corresponding fees according to local regulations.
Collect the Certificate: After passing the review, the applicant can collect the official Form E Certificate of Origin.
Precautions
The validity period of the Form E is one year from the date of issuance. Exporters need to ensure that the goods are exported within the validity period. In addition, exporters should keep all relevant document records for at least three years for inspection. If the goods need to pass through a third country during transportation, a transit certificate also needs to be provided to ensure the validity of the Form E Certificate.
III. How to Choose a Suitable Certificate of Origin
Determine the Commodity Code of Import and Export Goods First of all, enterprises should determine the commodity code (HS code) of import and export goods according to factors such as the attributes, components, content, structure, specifications, and models of the declared goods. They can accurately determine the HS code of the goods by referring to the Customs Import and Export Tariff of the Peoples Republic of China and other commodity classification decisions issued by the customs, or consult a professional customs broker to ensure the accuracy of the code.
Compare and Choose from Multiple Aspects Enterprises need to confirm the types of preferential certificates of origin that have come into effect in the country of import of the goods (such as Vietnam), and conduct a comparative analysis from the following aspects:
Tariff Concession Range: Understand the product scope of the tariff reduction list and the tariff concession range of different certificates in the target country.
Stringency of Rules of Origin: Compare the requirements of different agreements for rules of origin and choose the preferential certificate that best suits the enterprises products.
Operational Procedure Convenience: Consider the operation process of the certificate, including whether self - declaration is supported, whether self - printing is possible, etc., to maximize the enjoyment of tariff reduction dividends.
It should be noted that since September 1, 2024, the Certificate of Origin for goods exported to Vietnam under RCEP and the Form E Certificate under the Framework Agreement on Comprehensive Economic Cooperation between the Peoples Republic of China and the Association of Southeast Asian Nations can be self - printed. Enterprises can save more time and cost in the export preparation process.
Summary
In the process of exporting to Vietnam, choosing the right certificate of origin can help enterprises maximize the enjoyment of tariff preferences and reduce trade costs. RCEP and Form E are the two most common types of certificates at present. Enterprises should choose the most favorable certificate according to the specific situation of the goods, combined with factors such as the tariff concession range and rules of origin. In addition, enterprises should also ensure the accuracy of the declared information and handle relevant procedures in a timely manner to ensure the smooth export and customs clearance of the goods.