This is the content prescribed at the Decree No. 77/2016/ND-CP dated July 01, 2016 on amending and supplementing a number of provisions on investment and business conditions in the fields of international goods trading, chemicals, industrial explosives, fertilizers, gas trading, and food trading under the state management of the Ministry of Industry and Trade.
In particular, the following goods may be temporarily imported for re-export under certain conditions used goods; frozen foods and goods liable to excise tax. Within that, An enterprise that wishes to temporarily import for re-export frozen foods on the List issued by the Minister of Industry and Trade must meet the conditions such as paying a deposit of VND 10 billion at a credit institution located in the province or city where the enterprise’s warehouse or storage yard; having a warehouse or storage yard serving the temporary import for re-export of frozen foods, within that a warehouse or storage yard must have a storage capacity of at least 100 40-feet refrigerated containers and a minimum area of 1,500 m2. It shall be separated from the outside with solid fences at least 2.5 m high, must have a way for container vehicles to move into and out, and have an entrance gate hung with a signboard of the enterprise; and a warehouse or storage yard must have sufficient power supply sources (including the grid power source and power generators of equivalent output) and special-use equipment to operate refrigerated containers matching its storage capacity…
This Decree takes effect on July 01, 2016.
