Overview of Foreign Trade operations | Đại học Ngoại Ngữ - Tin Học Thành Phố Hồ Chí Minh
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5/31/2023 FOREIGN TRADE OPERATIONS PH P A H N A N V Ũ V Ũ N G N ỌC C LA L N A N – – MDE M In I te t r e n r a n t a i t o i n o a n l a Bus Bu i s n i e n s e s s s Ad A m d i m n i i n s i t s r t a r t a i t o i n o n Dep De a p r a t r m t e m n e t n la l n a p n vn v @ n h @ u h fl f i l t i . t e . d e u d . u v . n v OVERVIEW OF FOREIGN TRADE OPERATIONS CHAPTER 1 1 5/31/2023 IN THIS CHAPTER Definitions and features
Subjects in Foreign Trade operations
Steps in Foreign Trade transaction
Forms of foreign market joining
Legal framework for international sales contract 1. DEFINITIONS AND FEATURES
Foreign trade operation: Process of meeting,
negotiating for product trading, signing and
executing international sales contract.
This process can be carried out directly or
indirectly, under regular or specialized conditions. 2 5/31/2023 1. DEFINITIONS AND FEATURES Commercial activities Purchase and sale of goods
International purchase and sale of goods Export Import Other definitions
(Commercial Law of Vietnam, 2005) COMMERCIAL ACTIVITIES
Commercial activities mean activities for the
purpose of generating profits, including: sale
and purchase of goods, provision of services,
investment, commercial promotion and other
activities for the profit purpose. (Article 3.1) 3 5/31/2023 PURCHASE AND SALE OF GOODS
Purchase and sale of goods mean commercial
activities whereby the seller is obliged to
deliver goods, transfer ownership of goods to
the purchaser and receive payment; the
purchaser is obliged to pay to the seller and
receive goods and the ownership thereof as agreed. (Article 3.8) INTERNATIONAL PURCHASE AND SALE OF GOODS
International purchase and sale of goods
shall be conducted in form of export, import,
temporary import for re-export, temporary export
for re-import and transfer through border-gates. (Article 27.1) 4 5/31/2023 EXPORT OF GOODS Export ort of
f goods means the bringing of goods
out of the territory of the Socialist Republic of
Vietnam or into special zones in the
Vietnamese territory, which are regarded as
exclusive customs zones according to the provisions of law. (Article 28.1) EXCLUSIVE CUSTOMS ZONES? Export processing zone Bonded warehouse Tax-suspension warehouse / zo
Exclusive trade and economic zone … 5 5/31/2023 EXPORT: PROS AND CONS For the Governments: Pr P o r s s Co C ns n - Create more jobs - Make countries’ - Spur economic growth resources scarce - Bring in tax revenues - More dependent on - Improve the balance of overseas markets payment - Confront with more - Improve people’s living trade disputes standard - Improve country’s image - Earn more foreign exchange EXPORT: PROS AND CO For the Companies: Pr P o r s s Co C ns n - Increase sales income - Complicated - Diversify markets business environment
- Reduce vulnerability to lags in - Fluctuation in domestic demand exchange rates, prices, - Extend product life cycle … - Use idle capacity - Trade barriers … - Reduce unit costs through economies of scale - Sharpen competitiveness - Broaden contacts
- Understand global markets and cultures - Better choice of buyers 6 5/31/2023 IMPORT OF GOODS
Import of goods means the bringing of goods
into the territory of the Socialist Republic of
Vietnam from foreign countries or special
zones in the Vietnamese territory, which are
regarded as exclusive customs zones
according to the provisions of law. (Article 28.2) IMPORT: PROS AND CONS For the Governments: Pr P o r s s Co C ns n - Full use of country’s - Reduce country’s comparative advantage foreign exchange - More modern technology, - Local market may be managerial experience dominated by foreign - Better competitiveness of companies products 7 5/31/2023 IMPORT: PROS AND CONS For the Companies: Pr P o r s s Co C ns n - Better choice of suppliers - Complicated business - More modern technology and environment managerial experience - More fluctuations in - Supply of good prices exchange rates, prices, - Better approach to new … products OTHERS DEFINITIONS Temporary import for re-export
Temporary export for re-import Transfer through border-gates 8 5/31/2023 TEMPORARY IMPORT OF GOODS FOR RE-EXPORT
Temporary import of goods for re-export
means the bringing of goods into Vietnam
from foreign countries or special zones
locating in the Vietnamese territory, which
are regarded as exclusive customs zones
according to the provisions of law, with the
completion of the procedures for importing
such goods into Vietnam, then procedures for
exporting the SAME goods out of Vietnam. (Article 29.1) TEMPORARY EXPORT OF GOODS FOR RE-IMPORT
Temporary export of goods for re-import
means the bringing of goods overseas or into
special zones in the Vietnamese territory,
which are regarded as exclusive customs
zones according to the provisions of law, with
the completion of procedures for exporting
such goods out of Vietnam, then procedures
for importing the SAME goods back into Vietnam. (Article 29.2) 9 5/31/2023 TRANSFER THROUGH BORDER- GATES
Transfer of goods through border-gates
means the purchase of goods from a country
or territory for sale to another country or
territory outside the Vietnamese territory
without carrying out the procedures for
importing such goods into Vietnam and the
procedures for exporting such goods out of Vietnam. (Article 30) 1. DEFINITIONS AND FEATURES Featu a r tu e r s
Subjects are from different countries.
Modern technology is applied to enhance speed and reduce distance.
Target: to achieve business goals ($). 10