Over 1,600 Export Processors Complete Customs Monitoring Conditions

As many as 1,607 out of 1,676 export processing companies completed conditions for customs inspection and supervision as of April 25, 2022, the deadline for completing conditions for customs inspection and supervision by export processors established prior to the enforcement of Decree 18/2021/ND-CP, which took effect on April 25, 2021, according to the latest statistical report released on May 23 by the General Department of Vietnam Customs.

Provincial/municipal customs authorities have actively coordinated with, supported and guided companies to fulfill conditions for customs inspection and supervision. By May 12, nine more export processors were qualified for customs inspection and supervision conditions.

According to the General Department of Vietnam Customs, among the unqualified export processors, 40 face prosecution, operational suspension, pending dissolution, relocation of business and conversion to non-export processors; 11 were newly established export processors and are building factories; one is producing software and has no import-export activity; and 17 cannot complete inspection and supervision conditions due to objective reasons.

Currently, eight export processors are still improving customs inspection and supervision conditions due to financial shortages, current factory situations or some other objective reasons.

By Hien Le, Vietnam Business Forum